Hindenburg Research report

The Adani Group has rejected and denied "baseless allegations" over reports concerning the freezing of some funds in Swiss bank accounts. The Business conglomerate asserted that it has no involvement in any Swiss court proceedings, nor have any of the company accounts been subject to sequestration by any authority.

AIBA Chairman and Senior Advocate Dr Adish C. Aggarwala urged the Indian government to initiate a 360-degree investigation into the alleged international conspiracy behind the latest Hindenburg report.

On the 11th of August, Rahul Gandhi shared a video message on X wherein he was seen blatantly fearmongering about the stock market and hyped the Hindenburg Research report to attack businessman Gautam Adani and the Modi government.

On Sunday Adani Group also released an official statement, stating, "We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024."

SEBI issues statement on the Hindenburg Research’s Report, rejects all allegations and asks investors to remain calm and exercise due diligence

SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch issued a detailed statement rejecting the allegations made by Hindenburg

In a stock exchange filing on Sunday, 360 One Wam Limited said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group, refuting claims by Hindenburg

Adani Group has rejected the fresh allegations by Hindenburg Research, saying the US-based short seller using manipulative information for profiteering

'Hindenburg Research' used the erstwhile offshore fund holding of Madhabi Buch to suggest 'laxity' in investigations against Adani Group as SEBI chairperson.

As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.