Adani Group on Monday said some foreign entities are continuing orchestrated attacks by rehashing old and baseless allegations to drag down its market value and tarnish the conglomerate’s image ahead of the Supreme Court hearing.
The Supreme Court slated a hearing for this week on markets regulator SEBI’s investigation into allegations of financial fraud and stock manipulation against Adani Group. The group has denied all allegations.
Having failed earlier, a foreign publication is ‘making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of over-invoicing of coal imports,’ Adani Group said in a statement.
