Hindenburg Lashes Out on India Regulator Over Adani Report.

Hindenburg Research has criticized the Securities and Exchange Board of India (SEBI) for not addressing the alleged fraud it reported on the Adani Group in a short-selling report last year. Hindenburg received a notice from SEBI in June claiming that their report contained misrepresentations and inaccurate statements. Hindenburg's report accused the Adani Group of corporate malfeasance, which the group has denied. Hindenburg believes that SEBI is more focused on pursuing those who expose fraudulent practices rather than protecting investors. The Supreme Court of India has ordered SEBI to investigate the allegations and address regulatory lapses. [Extracted from the article]

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