The company has denied reports that US-based Hindenburg has been banned for accusing the Adani Group of stock market fraud.
On January 24, Hindenbach issued a report alleging that the Adani Group was overselling its shares and committing fraud. Due to this, the shares of Adani Group fell by 100 billion dollars.
The Adani Group has denied Hindenbach’s allegations. In this case, news spread on social media that the Financial Regulatory Commission of America has imposed a ban on Hindenburg Company due to pending 3 criminal cases, bank accounts have been frozen and Hindenburg Company has been banned from publishing any research reports.
Hindenbank has denied this and said that all these reports are false.
