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Aaron Patrick

Is the Adani group a giant fraud?

A short-seller’s attack on the Adani Group is a critique of Indian corporate ethics, regulation and law enforcement.

The Adani Group isn’t just a series of companies, according to its managers, the Adani family, it embodies the spirit of India.

After an American investment fund, Hindenburg Research, last week accused the conglomerate of dishonesty, the Adani group published a long rebuttal that included this assertion:

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Aaron Patrick was a senior correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/companies/financial-services/is-the-adani-group-a-giant-fraud-20230130-p5cgh4