A report by US-based activist investor Hindenburg Research has raised questions about transactions in Adani’s Australian coal,port and rail operations.
India’s Adani Group is planning to hire one of the “big six” accounting firms to assess its corporate governance and audit practices following allegations of fraud by short-selling firm Hindenburg,Mint newspaper reported.
The lengthy rebuttal of allegations of fraud by short seller Hindenburg Research comes after Gautam Adani lost around 20 per cent of his fortune in a single day.
Over the past few years,Nathan Anderson has made his name with analysis that sends stocks sinking. Now he is going after his biggest target yet.
US short-selling group Hindenburg scored a direct financial hit on Adani as shares in the group’s various listed companies fell by $US9 billion.
A prominent short-seller has released a scathing research report on the conglomerate of Asia’s richest person,sending shares plunging.
Three years after the controversial Carmichael mine was approved,the CFO of India’s mining and infrastructure giant has settled into the Victorian Italianate villa Rothesay.
The Indian tycoon has climbed the wealth rankings at breakneck speed this year. He has now surpassed Jeff Bezos to become the world’s second-richest person.
Gautam Adani is trying to persuade the world that a coal tycoon is now a champion of green energy.
Ben Pennings,a former Greens lord mayoral candidate,suffered a heavy legal loss after arguing he should only give Adani three sets of files.
The controversial mine has ramped up to commercial production just as surging coal prices,and energy in general,send earnings soaring for the ASX energy sector.