to Hindenburg's report, where it said its portfolio companies"follow a stated policy of having global big 6 or regional leaders as Statutory Auditors."
Hindenburg has accused the Indian conglomerate of stock market manipulation and fraud and highlighted several unusual business practices, as it revealed it held a short position on Adani stocks. One of the"key accounting red flags" outlined by Hindenburg in its scathing report into Adani was the made up of several employees in their early twenties to audit the accounts of Adani Enterprises and Adani Total Gas, which were at one point worth a combined $100 billion in market value.
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Adani vs Hindenburg: Adani shares fall despite regulator interventionIndia's stock regulator tried to calm jittery investors fleeing the stock market — but even that's not helped Gautam Adani, whose companies' shares continue to take a beating It’s pure politics and market manipulation by vested interests and nothing to do with reality Pump and dump!
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