Twice in two years India’s second biggest business group has been accused of major fraud, last year by a short-seller, Hindenburg Research, now by the US attorney for the eastern district of New York, an office that specialises in financial crime investigation. In addition, the US Securities and Exchange Commission also has indicted the group for criminal activities. That is separate from the US attorney’s charges.
The centre of the storm is the Adani group, specifically its chairm
Continue reading “Another storm brewing over Adani's future”
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