{"id":550158,"date":"2023-01-27T09:57:18","date_gmt":"2023-01-27T04:27:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550158"},"modified":"2023-01-27T10:45:30","modified_gmt":"2023-01-27T05:15:30","slug":"us-based-hindenburg-research-accuses-adani-group-of-share-rigging-fraud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-based-hindenburg-research-accuses-adani-group-of-share-rigging-fraud\/","title":{"rendered":"US-based Hindenburg Research accuses Adani Group of share rigging, fraud"},"content":{"rendered":"<p>A US-based investment research firm, Hindenburg Research, alleged on Wednesday that the Adani group had engaged in \u201ca brazen stock manipulation and accounting fraud scheme\u201d. It also accused the conglomerate of improper use of offshore tax havens, and flagged concerns about the group\u2019s high debt.<\/p>\n<p>Shares of Adani group companies lost Rs 85,761 crore in market value after Hindenburg issued the report and said it had taken short positions in the group\u2019s stocks.<\/p>\n<p>The Adani group dismissed the report, calling it a \u201cmalicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India\u2019s highest courts\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A US-based investment research firm, Hindenburg Research, alleged on Wednesday that the Adani group had engaged in \u201ca brazen stock manipulation and accounting fraud scheme\u201d. It also accused the conglomerate of improper use of offshore tax havens, and flagged concerns about the group\u2019s high debt. Shares of Adani group companies lost Rs 85,761 crore in market value after Hindenburg issued the report and said it had taken short positions in the group\u2019s stocks. The Adani group dismissed the report, calling it a \u201cmalicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550158","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550158"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550158\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}