Hindenburg believes several of Gautam Adani's associates have had past run-ins with the law and yet serve on the board right now. They believe that Vino D'Adani dabbled with these talks to artificially inflate their price. And number two, he used offshore entities to move money from private companies to Adani's publicly listed companies just to boost their financial health temporarily.
In today's episode for 31st January 2023, we summarize the tussle between Adani Group and Hindenburg Research.