Tag: #adanicase

Amit Shah refuted accusations of crony capitalism and advised the opposition to go to court if they had evidence of the Modi administration "favouring" Gautam Adani. The home minister responded on Tuesday to accusations from the opposition that his party was favouring the conglomerate challenged by a U.S. short seller by saying that there was "nothing to conceal or be scared of" regarding the situation surrounding the Adani Group. The seven listed businesses bearing the name of billionaire Gautam Adani have collectively lost over $120 billion in market value since a Hindenburg Research study on January 24 alleging inappropriate use of offshore tax havens and stock manipulation. Gautam Adani is the head of the business house. Hindenburg has been warned with legal action by the Adani