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Adani Issues 413-Page Response Calls Hindenburg Allegations Attack On India

On Sunday, Gautam Adani's group called Hindenburg Research's allegations against India, its institutions, and its growth story a "calculated attack", saying the charges are "nothing but a lie".

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Adani Issues 413-Page Response Calls Hindenburg Allegations Attack On India
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Richest Indian Gautam Adani's group on Sunday likened the damning allegations levied by short-seller Hindenburg Research to a "calculated attack" on India, its institutions, and growth story, saying the allegations are "nothing but a lie".
     
In a 413-page response, Adani Group said the report was driven by "an ulterior motive" to "create a false market" to allow the US firm to make financial gains.
     
"This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity, and quality of Indian institutions, and the growth story and ambition of India," it said. 

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