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Hindenburg Vs Adani Group: Opposition Creates Ruckus Over Alleged Fraud, Demand Discussion
Posted
February 2, 2023
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Feb 2, 20236:50Now PlayingAfter Hindenberg's findings were made public, attention is still on Adani Enterprises. The opposition is now demanding a thorough investigation into the alleged fraud committed by billionaire industrialist Gautam Adani in the parliament building. During a press conference, Congress President Mallikarjun Kharge urged that the central government must discuss fraud with the members of parliament. Adani Enterprises' decision to cancel its Rs 20,000 crore follow-on public offer (FPO) surprised many people, but Gautam Adani, the founder and chairman of the Adani Group, said on Thursday that the board of the company decided it was not morally right to move forward with the matter given the turbulence in the market on Budget Day. The FPO was fully subscribed on the issue's closing day, which caused the decline in the price of Adani Group shares to worsen.
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