Govt refuses to comment on Adani Group crisis
The government on Wednesday refused to comment on the fraud allegations levelled by a US short seller on Adani Group, which triggered a massive USD 90-billion rout in the group firms’ shares, saying it does not comment on individual company matters.
“We in government don’t respond to issues related to a particular company,” Economic Affairs Secretary Ajay Seth said during the post Budget interaction with media here.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday had also refused to comment on the impact of the rout in Adani Group shares following a damning report by US-based short seller Hindenburg Research.
