1 day ago · Hindenburg had alleged that Adani Group had used a web of companies in tax havens to inflate its revenue and manipulate stock prices, even as debt piled up. The conglomerate vehemently denied all claims but the damning report at one point sheared over USD 150 billion off its value, losses it eventually recouped in over a year's time. ...

1 day ago · According to Anderson, Hindenburg’s investigation into Adani Group stemmed from "red flags" highlighted in media reports, leading to a deeper examination of the conglomerate's operations. The report, which alleged the use of tax havens to inflate revenues and manipulate stock prices, triggered a massive drop in Adani Group's stock value by ...

1 day ago · Hindenburg had alleged that Adani Group had used a web of companies in tax havens to inflate its revenue and manipulate stock prices, even as debt piled up. The conglomerate vehemently denied all claims but the damning report at one point sheared over USD 150 billion off its value, losses it eventually recouped in over a year’s time. ...

Jan 24, 2023 · Today we reveal the findings of our 2-year investigation, presenting evidence that the INR 17.8 trillion (U.S. $218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.

Jan 16, 2025 · Hindenburg's investigations throughout 2023 targeted the Adani Group, leading to significant financial losses for the conglomerate. Despite the severity of the allegations, Adani and his companies repeatedly denied all charges.

Jan 24, 2025 · Hindenburg Research stings Adani. Many in India had not heard of Hindenburg Research until January 2023 when it published a 30,000-word report provocatively titled “Adani Group: How the World’s Third Richest Man Is Pulling The Largest Con In Corporate History”. The report alleged that the group has “engaged in brazen stock manipulation ...

Jan 16, 2025 · In one of its dozens of projects, it focused on the Indian conglomerate Adani Group, accusing it of “a brazen stock manipulation and accounting fraud scheme.” Hindenburg cited two years of research, including talks with former Adani senior executives and reviews of thousands of documents.

Jan 16, 2025 · The US-based short-selling firm that was behind reports that wiped out tens of billions from the market value of Adani Group, Hindenburg Research is finally shutting shutters. Here is a look at...

Feb 2, 2023 · Indian business tycoon Gautam Adani has lost tens of billions of dollars and his title as Asia’s richest man after short-selling firm Hindenburg accused him of fraud.

Jan 31, 2023 · How did Hindenburg, a relatively young and small New York financial research firm, manage to bring the Adani juggernaut to a screeching halt? What happens next in this David versus Goliath...