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Hindenburg alleges scandal by USA's largest fund Blackstone. Says Blackstone employed the Sebi chief's husband to take advantage from policy making in India. US Foreign Corrupt Practices Act prohibits US companies from indulging in corruption or bribery in foreign countries.
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The company said that these allegations against the Adani Group are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Supreme Court in January 2024
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Adani Enterprises stock rebounds from the loss of more than USD 30 billion which was inflicted by US-based Hindenburg’s report in January 2023
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