The Adani Group has strongly refuted allegations made by the US-based short-seller Hindenburg Research in a report released last week. The report claimed that Adani Group had engaged in fraudulent transactions and inflated revenue figures. The Adani Group said the report is "nothing but a lie and a malicious Attack." The Group has always maintained the Highest corporate governance, integrity, and transparency levels. The Adani Group has taken legal Action against Hindenburg Research. It is seeking damages for the damage caused to its reputation and losses suffered due to the false and defamatory allegations made in the report.
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