Bureau Report: 9 out of 10 shares of the company declined after a new foreign report emerged on Adani Group on Thursday, August 31. The Organized Crime and Corruption Report Project (OCCRP) has claimed that Adani Group investors have invested millions of dollars in the market by quietly buying their own shares.
However, the group has denied the allegations and said it was a conspiracy to defame and profit. The OCCRP has claimed in its report that the Adani Group company has invested crores in shares of the group through an anonymous investment fund in Mauritius.
Cleanliness of Adani Group
Adani Group says that we reject these allegations. This news report is an attempt to revive the illogical Hindenburg Report. Adani Group said that the allegations leveled by OCCRP are related to cases that were closed a decade ago. At that time, DRI had investigated allegations of over invoicing, fund transfer abroad, investment through related party transaction. In March 2023, the Supreme Court ruled in our favor and closed the case.
Trying to make a profit by selling the shares of the company
The Adani Group said that it is very unfortunate that a publication has decided not to publish our full submissions to those who sent us questions. The purpose of these efforts, among other things, is to make profit by depressing the shares of our companies. Many agencies are investigating these short sellers.
Adani Group said that the Supreme Court and market regulator SEBI are investigating these matters. Therefore, it is important to respect the regulatory process. We should have faith in the legal process.
The post After the new report, 9 shares of Adani fell! Big accusation of manipulation! The company had to give this cleaning! appeared first on The Khalas Tv.
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