Neetesh Kumar
Hindenburg Latest News: Hidenburg says that the Adani Group has exaggerated its financial position and given wrong information to the investors. It is also alleged that the companies of the Adani Group have tampered with their books and shown their profits to be higher.
Hindenburg Latest News
Hidenburg says that the share price of Adani Group companies was kept artificially high due to which investors suffered losses, Hidenburg Research has made serious allegations on the financial position of the Adani Group. After these allegations, Hidenburg has claimed to link SEBI Chairperson Madhavi Puri Bach to the financial irregularities of the Adani Group.
Hindenburg Latest News
These are the 10 major allegations of Hidenburg.
- He first alleged that the Adani Group has exaggerated its financial position so that investors can be given wrong information.
- The second allegation was that the companies of the Adani Group tampered with their books so that they could present wrong information by showing their excessive profit.
- The third allegation was that the Adani Group took various measures to influence the market, due to which it was in their hands to maintain or increase their share prices.
- The fourth allegation was that Hindenburg says that the share prices of Adani Group companies were kept artificially high, causing losses to investors.
- Hidenburg also alleged that the Adani Group misused funds and used the money improperly through fund transfer between its companies.
- Hidenburg also alleged that the structure of Adani Group companies has been designed in such a way that its benefits go to only a few people and everyone else suffers losses.
- You also alleged that there has not been adequate public monitoring and investigation of Adani Group activities.
- Hindenburg also says that Adani Group has adopted wrong crisis management strategies to hide its problems.
- He also alleged that Adani Group has violated business rules, which has caused losses to investors.
- Hindenburg has also alleged that SEBI Chairperson Madhavi Puri Bhuj did not show enough effort in investigating the financial irregularities of Adani Group and she is also involved in this matter.
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