Video Introduction :- Prime Minister Narendra Modi has always been accused of having links with Adani. People claim that Modi has provided favours to Adani multiple times. But what are the exact allegations? Why do people connect Modi to Adani? And is there any truth behind these claims? Watch this video by Dhruv Rathee to find out as he deep dives into these claims and explains the truth behind them. The Adani Group is a large Indian conglomerate engaged in various businesses, including port management, power generation, mining, and real estate. On January 24, 2023, US-based investor research firm Hindenburg Research released a report alleging market manipulation and accounting malpractices by the Adani Group over a few decades. This led to a sharp fall in the group's listed companies, causing a cumulative market capital loss of INR 1 lakh crore. The Adani Group refuted the claims, calling the report baseless and rubbish and released a 413-page long refutation statement. The group questioned the timing of the report's release, which was a few days before Adani Enterprises' FPO. Market analysts have also questioned the timing of the report and the unproven facts mentioned in it. The Adani Group has addressed 65 out of 88 questions raised by Hindenburg Research in its public disclosures. The group is evaluating relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research.

The Hindenburg report alleges that Adani's businesses are overvalued and that the company has undisclosed liabilities. It also alleges that Adani has engaged in fraudulent activities to artificially inflate its share prices. These allegations have caused a lot of concern among Adani's investors and shareholders.

Adani's statement says that the allegations made by Hindenburg are "blatantly erroneous" and that the company has been fully compliant with all regulatory requirements. The statement goes on to say that Adani has always maintained high standards of corporate governance and ethics. Adani's response seems to have reassured some of its investors, as the company's shares rose by over 6% after the statement was released.



Video Tittle :- Adani and India : The Full Story of Hindenburg and Adani Company | Fraud Allegations | dhruv rathee


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