Comment by rajup

But the Indian regulator was going after the short seller suggesting they used non public info. Turns out India is corrupt which we already knew as a fact and one of the chiefs owned the stock.

The source is their research. Much of which was publicly available.

You can draw your own conclusions but a company worth hundreds of billions of dollars being audited by a mom and pop shop is more evidence than anyone needs that their books are made up.

The fact that the Adani group couldn’t refute any of their claims was pretty telling as well.

Yeah not like Hindenburg researched a large Indian company with close ties to the BJP.

https://www.aljazeera.com/economy/2023/3/1/modi-govt-allowed...