Even after months of the report of Hindenburg that accused the Adani group of manipulating the stocks, there is no accurate fact that had been submitted, and now as per the current report of OCCRP.
They claim that in 2013 Gautam Adani’s elder brother Vinod Adani bought ‘free floats’ shares of the company. As per the report, he invested millions through Mauritius funds “Opaque”.
Stocks like Adani Enterprises, Adani Wilmar, Adani Ports & SEZ, and others dropped around 1-3% after the market opened on Friday. After the Hindenburg report, the Adani group was now accused of a fresh bunch of allegations by Organised Crime and Corruption Reporting Project (OCCRP) regarding stock manipulation.
The Adani group gave reaction to the new claims and said,
“another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report”.
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