{"id":550381,"date":"2023-01-27T12:04:47","date_gmt":"2023-01-27T06:34:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550381"},"modified":"2023-01-27T13:49:08","modified_gmt":"2023-01-27T08:19:08","slug":"hindenburg-alleges-brazen-fraud-by-adani-company-calls-it-malicious","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindenburg-alleges-brazen-fraud-by-adani-company-calls-it-malicious\/","title":{"rendered":"Hindenburg alleges &#8216;brazen&#8217; fraud by Adani; company calls it &#8216;malicious&#8217;"},"content":{"rendered":"<p>Well-known US activist investor Hindenburg Research has alleged that Adani Group was &#8220;engaged in a brazen stock manipulation and accounting fraud&#8221;, a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.<\/p>\n<p>Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation reveals that &#8220;the Rs 17.8 trillion Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.&#8221;<\/p>\n<p>The report comes ahead of a Rs 20,000 crore follow-on share sale of Adani Group&#8217;s flagship Adani Enterprises. Group representatives said a statement in response would be issued later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well-known US activist investor Hindenburg Research has alleged that Adani Group was &#8220;engaged in a brazen stock manipulation and accounting fraud&#8221;, a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale. Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation reveals that &#8220;the Rs 17.8 trillion Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.&#8221; The report comes ahead of a Rs 20,000 crore follow-on share sale of Adani Group&#8217;s flagship Adani Enterprises. Group [&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":[146,130,234],"tags":[],"class_list":["post-550381","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550381","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=550381"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550381\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}