In reply to Adani Group’s 413-page rebuttal of Hindenburg Research’s January 24 report, the US-based research firm on Monday said that the “fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation”. It said that the group “tried to lead the focus away from substantive issues and instead stoked a nationalist narrative”.<\/p>\n
On Sunday, Adani Group replied to Hindenburg’s allegations of malpractice by stating that the report was driven by “an ulterior motive” to “create a false market” to allow the US firm to make financial gains. The report has, to date, led to Adani stocks suffering a $48 billion rout. <\/p>\n","protected":false},"excerpt":{"rendered":"
In reply to Adani Group’s 413-page rebuttal of Hindenburg Research’s January 24 report, the US-based research firm on Monday said that the “fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation”. It said that the group “tried to lead the focus away from substantive issues and instead stoked a nationalist narrative”. On Sunday, Adani Group replied to Hindenburg’s allegations of malpractice by stating that the report was driven by “an ulterior motive” to “create a false market” to allow the US firm to make financial gains. The report has, to date, led to Adani […]<\/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-550731","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\/550731","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=550731"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550731\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}