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As such, the Company is pleased to announce the retention of the Firms, a leading expert in naked short selling and stock manipulation, to assist in the development of a strategy to address these issues.
Last week, Hindenburg said it had “uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades.”
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