Fraud cannot be obfuscated by nationalism: Hindenburg to Adani
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The back and forth between Hindenburg Research and Adani Group continues. Hours after the Indian conglomerate released a detailed rebuttal against allegations of stock manipulation and accounting fraud by Hindenburg, the US-based short seller responded by saying, "fraud is fraud." Adani Group had claimed that the report by the activist investment firm was a "calculated attack on India."