{"id":552662,"date":"2023-02-04T09:58:33","date_gmt":"2023-02-04T04:28:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552662"},"modified":"2023-02-04T11:03:02","modified_gmt":"2023-02-04T05:33:02","slug":"ministry-of-corporate-affairs-reviews-adani-groups-financial-statements","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ministry-of-corporate-affairs-reviews-adani-groups-financial-statements\/","title":{"rendered":"Ministry of Corporate Affairs reviews Adani Group&#8217;s financial statements"},"content":{"rendered":"<p>India&#8217;s ministry of corporate affairs has started a preliminary review of Adani Group&#8217;s financial statements and other regulatory submissions made over the years, two senior government officials told Reuters on Friday.<\/p>\n<p>Adani Group has denied allegations by U.S.-based short-seller Hindenburg Research of improper use of offshore tax havens and stock manipulation, saying it has &#8220;no basis&#8221; and is due to an ignorance of Indian law. The Indian conglomerate has also said it has always made necessary regulatory disclosures.<\/p>\n<p>Adani Group is battling a stock market rout which was triggered by the Hindenburg report on Jan. 24 and this week scrapped a $2.5 billion share sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s ministry of corporate affairs has started a preliminary review of Adani Group&#8217;s financial statements and other regulatory submissions made over the years, two senior government officials told Reuters on Friday. Adani Group has denied allegations by U.S.-based short-seller Hindenburg Research of improper use of offshore tax havens and stock manipulation, saying it has &#8220;no basis&#8221; and is due to an ignorance of Indian law. The Indian conglomerate has also said it has always made necessary regulatory disclosures. Adani Group is battling a stock market rout which was triggered by the Hindenburg report on Jan. 24 and this week scrapped [&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-552662","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\/552662","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=552662"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552662\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}