Adani Group's Response to Adi Cop Loans

Four Adani companies lent $87 million to Adi Cop despite Adi Cop having made a measly $97,000 in profits. Hindenburg also lists other suspect transactions and asks the group for clarity. One example they quote includes a payment made by listed Adani companies to private contractor PMC. The payments add up to $783 million over a 12 year time span.