International Finance: Adani Group calls Hindenburg report ‘bogus’; Pershing Square’s Ackman says it’s ‘highly credible’

levelled a series

The group said it would publish a more detailed reply to Hindenburg’s 100-page dossier on Friday. On the call, it told investors that assertions of accounting fraud were “devoid of facts”. Eight of the nine Adani portfolio companies are audited by one of the so-called “big six” auditors, according to the presentation seen by Bloomberg.on Twitter as the call was beginning, said Adani Group “hasn’t addressed a single substantive issue we raised”.

The investor call was arranged by Barclays, Deutsche Bank, Mitsubishi UFJ Financial Group and Standard Chartered, according to one of the people. Barclays, Deutsche and Standard Chartered declined to comment while MUFG did not immediately respond to a request for comment.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: World’s third richest man, Adani’s dollar bonds fall after report alleging brazen stock manipulationA raft of bonds tied to Indian billionaire Gautam Adani fell further on Thursday after a short seller accused his conglomerate of stock manipulation and accounting fraud.
Source: dailymaverick - 🏆 3. / 84 Read more »

Beware of rogue towing companies, after woman loses car | City PressA tow truck company 'sells' a woman's car without her consent Why do people not trust their Insurance companies? Am sure was not police but thieves Angithi nithi “South Africans are lazy”.
Source: City_Press - 🏆 7. / 72 Read more »

COMPANIES: Liquidations worry for 2023 as SA businesses run out of leeway with creditorsCompany liquidations in South Africa exploded by almost a third year on year in December, shows the latest data from Stats SA. And 1,902 companies were liquidated in 2022 — a marginal 1.3% decrease (or 1,932) over 2021.
Source: dailymaverick - 🏆 3. / 84 Read more »