US authorities are looking into what representations Adani Group made to its American investors following a scathing short seller’s report that accused the company of using offshore companies to secretly manipulate its share prices.
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Auditor Deloitte flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone.
NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) Lowey Dannenberg P.C., is investigating claims of violations of federal securities laws on behalf of investors.