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India market regulator rejects US bias claim in Adani offshore investments probe

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INDIA News

Adani Group,Hindenburg Research,Short Selling

MUMBAI Aug 11 — India's market regulator chief rejected Sunday allegations by US short-seller Hindenburg Research that claimed past offshore investments may have prevented...

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Last year, Adani Group, the sprawling ports-to-power Indian conglomerate, saw billions of dollars wiped from its market value after a bombshell report by the Hindenburg forensic financial research firm accused it of"brazen" corporate fraud. On Saturday, citing whistleblower documents, Hindenburg accused SEBI chairperson Madhabi Puri Buch and her husband of having held investments in offshore funds that Vinod Adani also allegedly used.

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