Hindenburg says Adani has been 'systematically looting' India as the conglomerate accuses the short-seller of `conflict of interest'
"The Adani Group has attempted to conflate its meteoric rise and the wealth of its chairman, Gautam Adani, with the success of India itself," Hindenburg said.
"Hindenburg has not published this report for any altruistic reasons but purely out of selfish motives and in flagrant breach of applicable securities and foreign exchange laws," the Adani report added.
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