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New Delhi: The US-based Hindenburg Research Institute has released a report alleging that Adani Group was involved in stock fraud.
The Adani Group’s share price started falling after this report was released. So far, the group has incurred a loss of over Rs.11 lakh crore. Adani, who was ranked 2nd in the world’s billionaires list, was pushed down to 26th place by this report.
In this case, the Adani Group has a debt of Rs.2.26 lakh crore. The Adani Group has embarked on a full debt repayment drive to restore confidence lost among investors following the Hindenburg report. Last Monday, Adani Port Company has repaid Rs.1,500 crore debt. Of this, Rs.1,000 crore has been given to SBI Mutual Fund Niru Vanam and Rs.500 crore to Aditya Birla Life Mutual Fund.
In this context, Wikipedia has come up with a new allegation based on the Adani Group. Wikipedia’s news magazine ‘The Sign Post’ has reported that some Adani employees added unbiased information to Wikipedia articles related to Adani and his family.
“Articles about Adani have been written on the Wikipedia page since 2007. So far 40 fake accounts have added unbiased information to 9 articles related to Adani and his family companies on Wikipedia. “Some of them are Adani employees,” The Sign Post reported.