Adani Hindenburg Row : Adani Group’s shares plunge again; Investigating US Investors | leader

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New Delhi; Leaders Online: The name of Adani Group is once again in the limelight. After the Hindenburg Research report, the Adani Group, which is suffering huge losses, has now found itself in a new problem. Adani Group Shares fell by 10 percent on Friday. In fact, according to ongoing reports in the international media, the US Regulatory Authorities have initiated an inquiry into the representation given by the Adani Group to American investors. (Adani Hindenburg Row)

According to media reports, US authorities are investigating representations made by the Adani group to US investors following allegations that Hindenburg Research manipulated share prices. The effect of this investigation on the shares of Adani groups was seen on Friday. In which there has been a fall of 5 percent in Adani Ports, Adani Power, Adani Transmission and shares of Adani Total Gas, Adani Green Energy, Adani Wilmer have also fallen by 5 percent. (Adani Hindenburg Row)

According to sources, the US Attorney’s office in Brooklyn and the Securities and Exchange Commission (SEC) have asked institutional investors related to the Adani group questions related to the investigation. In which the position of Adani group before the investors has been asked.

Although the investors are being investigated, there is no indication yet that legal action will be taken. But, in the background of the investigation in India about the Adani group, this investigation in America is considered important. The Adani Group, led by industrialist Gautam Adani, has been accused of manipulating shares and defrauding its accounts.

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