India's markets regulator has confirmed that it is investigating allegations made by Hindenburg Research against companies owned by multi-billionaire Gautam Adani.

Source: https://www.bbc.co.uk/news/business-64633419?at_medium=RSS&at_campaign=KARANGA

Investors began unloading shares after Hindenburg Research issued a report that said it was betting against shares in companies in the Adani empire.

Source: https://financialpost.com/pmn/business-pmn/adani-group-mulls-suing-us-short-seller-for-fraud-claims

The development comes amid the ongoing row over the Hindenburg Research accusation against the Adani Group of using tax havens and flagged debt concerns in a report.

Source: https://pragativadi.com/adani-group-scraps-fpo-of-shares-worth-rs-20000-cr-investors-to-get-refund/?utm_source=rss&utm_medium=rss&utm_campaign=adani-group-scraps-fpo-of-shares-worth-rs-20000-cr-investors-to-get-refund

The huge conglomerate was accused of decades of "brazen" stock manipulation and accounting fraud by US-based short-seller Hindenburg Research earlier this year.

Source: https://www.bbc.co.uk/news/world-asia-india-65074804?at_medium=RSS&at_campaign=KARANGA

Who Is Gautam Adani and What Is Hindenburg Research?

Source: https://biztoc.com/x/a12628b212686577?ref=ff