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Adani Hindenburg Report: The US Attorney's Office in Brooklyn, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, one person familiar with the inquiries said
US authorities are looking into what representations Adani Group made to its American investors. Read more at straitstimes.com.
India Business News: The US Attorney’s Office in Brooklyn and the Securities and Exchange Commission are investigating the Adani Group following short seller Hindenburg Re
Requests for information from US prosecutors don’t necessarily mean that criminal or civil proceedings will be filed as law enforcement agencies often open inquiries that don’t lead to action.
The Congress, a prime constituent of the MVA has been crying hoarse demanding a Joint Parliamentary Committee inquiry into the affairs of the Adani group follwing an elaborate expose by the Hidenburg report.