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Stockmanipulation

All articles tagged with #stockmanipulation

business-and-finance2 years ago•2 min saved

"Supreme Court Ruling Favors Adani, Directs Swift End to Probe Amidst Hindenburg Allegations"

The Supreme Court of India has directed the Securities and Exchange Board of India (SEBI) to conclude its investigation into the Adani Group within three months, stating that the investigation cannot remain open-ended. This follows allegations by Hindenburg Research of stock manipulation and accounting fraud against the conglomerate. Gautam Adani, the head of the Adani Group, expressed relief at the court's decision, stating "truth has prevailed." Shares of Adani Group companies rose following the ruling, despite the group having previously lost significant market value after the Hindenburg report. Adani, once the second-richest person globally, now ranks 15th on the Bloomberg Billionaires Index.

via CNN|

##adanigroup #business-and-finance

business-and-finance2 years ago•2 min saved

"Supreme Court Directs Regulators to Conclude Adani-Hindenburg Probe as Shares Surge"

India's Supreme Court has declined to establish a new panel to investigate Hindenburg Research's allegations of fraud against Gautam Adani's companies, instead directing the Securities and Exchange Board of India (SEBI) to complete its ongoing investigation within three months. The court dismissed claims of a conflict of interest within the court-appointed panel and emphasized that investigations by third-party organizations like Hindenburg, which accused Adani of "the largest con in corporate history," cannot be considered conclusive evidence against SEBI's findings. Adani's firms experienced a significant market value loss following the allegations but have since seen a recovery in stock prices.

via BBC.com|

##business-and-finance #gautamadani