Adani Group dismisses Hindenburg's latest allegations as 'malicious, manipulative'

Adani Group has refuted the accusations made by US-based short-seller Hindenburg Research yesterday, labeling them as "malicious, mischievous and manipulative." The Indian conglomerate claims that Hindenburg has selectively used public information to draw pre-determined conclusions for personal profit. Hindenburg's report implicated that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch, had concealed stakes in Bermuda and Mauritius-based funds. They were allegedly used by Gautam Adani's brother Vinod "to amass and trade large positions in shares of Adani Group."