Adani Group in a statement on Sunday said it is shocked and deeply disturbed to read the report published by the “Madoffs of Manhattan” – Hindenburg Research on January 24 which is nothing but a lie.
The document is a malicious combination of selective misinformation and concealed facts relating to baseless and discredited allegations to drive an ulterior motive, Adani Group said.
This is rife with conflict of interest and intended only to create a false market in securities to enable Hindenburg, an admitted short seller, to book massive financial gain through wrongful means at the cost of countless investors.