We categorically state that this is another deliberate and malicious attempt by the same group of individuals to cause irreparable harm to our group’s reputation and market value.”
US-based Hindenburg Research recently made claims on social media platform X, citing a Swiss media outlet called ‘Gotham City’, which allegedly uncovered Swiss criminal court records. These records supposedly reveal that an associate of the Adani Group invested in secretive funds that predominantly held Adani stocks.
However, the Adani Group has vehemently denied these allegations, labeling them as unfounded, ridiculous, illogical, and absurd.
“The Adani Group categorically denies and rejects the unfounded allegations made against us. We emphasize that our company has no connection to any ongoing Swiss court cases, and none of our accounts have been frozen or seized by any regulatory body.”
To be precise, these are the events which unfolded after the allegations were made by Hindenburg Research
- – Adani Group Denies Allegations
– Rejects baseless claims of involvement in Swiss court proceedings
– No company accounts have been seized or frozen by authorities
The Adani Group notes that even the alleged Swiss court order fails to mention our companies, and we have not received any inquiries or requests for information from the court or any regulatory body. We affirm that our international holding structure is transparent, fully disclosed, and in compliance with all applicable laws.
Adani Group Clarifies:
– No mention of group companies in alleged Swiss court order
– No requests for information or clarification received
– Overseas holding structure is transparent and compliant with laws
“The Adani Group reaffirms its unwavering dedication to transparency and adherence to all legal and regulatory standards. We vigorously denounce this attempt to spread misinformation and urge you to reconsider publishing this story. If you choose to proceed, we insist that you publish our statement in its entirety to ensure a fair and accurate representation.”
The media statement given by Adani Group
