Another Hindenburg blast on Adani…: Adani's 2600 crores frozen in Swiss bank, Adani Group denies – all these claims are false

American short-selling firm Hindenburg Research on September 12 made a new allegation against the Adani Group. by a post. The report also said that “According to new records from the Swiss Criminal Court, prosecutors have described how an individual associated with the Adani group invested in BVI/Mauritius and Bermuda funds without disclosing his identity. According to a report by a Swiss media outlet, the Geneva Public Prosecutor's Office was investigating the group's wrongdoing long before Hindenburg filed the first charges against the Adani Group. However, late on Thursday, Adani Group clarified this new report. In which he termed all these allegations as false and also said that all this is being done to bring down his market value. Add our full statement if you publish the news, Adani Group told media. Adani Group said in a blog issued on Friday, “Adani Group has nothing to do with any Swiss court proceedings. No accounts of our company have been seized. Our foreign holding structure is fully transparent and we do not have any according to law.” Hesitating to say that this is yet another attempt to damage our reputation and market value.” At the end of the statement, the media has also been asked not to publish the news, if they publish it they should include the group's full statement. Adani On January 24, 2023, Hindenburg Research published a report regarding the group's money laundering, stock manipulation, which saw the group's shares fall sharply The Securities Exchange Board of India (SEBI) also issued a 46-page show-cause notice to Hindenburg. In a blog post published on July 1, 2024, Hindenburg Research said the notice alleged that Hindenburg had violated the rules The report contained several false statements aimed at misleading the readers, the company said in response to Sebi itself.Shares of Adani Enterprises fell by 59% on January 24, 2023 (January 25 IST). Flagship company Adani Enterprise's share price was Rs 3442. On January 25, it fell by 1.54% to Rs. It closed at 3388. On January 27, the share price fell 18% to Rs. 2761 was done. By February 22, it had fallen 59% to Rs 1404. However, recovery was seen in the shares later. However, Adani denied any wrongdoing allegations. In such a situation, the Adani Group will withdraw its Rs. 20,000 crore follow-on public offer was also cancelled. The Supreme Court constituted a 6-member committee to investigate the case and SEBI also investigated the case. After the court's decision, Adani Group Chairman Gautam Adani said, 'The court's decision shows that truth has won.

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