Adani Labels Fight With US Short Seller as Attack on India
- Opposition parties intend to bring up the issue in parliament
- Billionaire widely seen to have close ties with Indian PM Modi
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The Adani Group has cast its brawl with a US short seller as an attack on India and the issue could overshadow parliament’s budget session with opposition lawmakers highlighting the ties between Asia’s richest man and Prime Minister Narendra Modi.
“The Adani Group is no ordinary conglomerate: It’s closely identified with Prime Minister Narendra Modi since he was chief minister” of Gujarat state, said Jairam Ramesh, general secretary of the opposition Congress Party, days after Hindenburg Research alleged stock manipulation and fraudulent accounting by the conglomerate.