India's Adani Group CFO says stocks rout similar to colonial-era massacre

Adani's finance chief, Jugeshinder Singh, likened the behaviour of Indian investors participating in the sell-off to the colonial-era Jallianwala Bagh massacre in Amritsar city.

On April 13, 1919, a British officer ordered about 50 Indian army soldiers to shoot at unarmed civilians who were taking part in a peaceful protest. At least 379 people were killed, according to the official record, although local residents have said in the past the toll was far higher. "In Jallianwala Bagh, only one Englishman gave an order, and Indians fired on other Indians," Singh told the Mint business daily in an interview published on Monday, when asked why the market believed the Hindenburg report.India's government has not commented on the Hindenburg allegations.

Hindenburg said in a statement on Monday that the Adani Group was trying to "lead the focus away from substantive issues and instead stoked a nationalist narrative". "In short, the Adani Group has attempted to conflate its meteoric rise and the wealth of its chairman, Gautam Adani, with the success of India itself," it said.Jawhar Sircar, a lawmaker from the opposition Trinamool Congress, posted on Twitter: "Since when is Adani=India?"

The colonial era massacres were carried out by Indian soldiers working for the British.

He is losing his job and his mind 🤣

Company mei dramebaaz log zayada hai adani ke

Adani proving they are complete rogues then. Any relationship with INFOSYS?

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