Hindenburg says Adani has been 'systematically looting' India as the conglomerate accuses the short-seller of `conflict of interest'

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Hindenburg says Adani has been 'systematically looting' India as the conglomerate accuses the short-seller of `conflict of interest' - Business Insider

Quick Summary:

Adani "has draped itself in the Indian flag while systematically looting the nation," the short-seller said Sunday.

"To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future.

"The remainder of the response consisted of 330 pages of court records, along with 53 pages of high-level financials, general information, and details on irrelevant corporate initiatives, such as how it encourages female entrepreneurship and the production of safe vegetables".