Adani Group Says It’s Exploring Legal Action Against Hindenburg
- Adani Group evaluating relevant legal provisions: statement
- Hindenburg report “maliciously mischievous”: Adani Group
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The Adani Group said it’s exploring legal action against US investor Hindenburg Research after the short seller released a report alleging “brazen” market manipulation and accounting fraud by Asia’s richest man’s empire.
“We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” Jatin Jalundhwala, legal head for the Adani Group said in a statement.