Reacting to the Financial Times and OCCRP reports alleging use of offshore funds to manipulate shares of Adani Group companies, Hindenburg Research has said, “Finally, the loop is closed.”
The US-based short-seller took to X, formerly known as Twitter, and mentioned one paragraph from the Financial Times report.
“The Financial Times and OCCRP report that offshore funds owning at least 13% of the free float in multiple Adani stocks were secretly controlled by associates of Vinod Adani, masking the relationship with 2 sets of books,” the Hindenburg Research tweet highlighted with a link to the report.
