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Hindenburg Research alleges fraud at Adani Group

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New York-based Hindenburg Research disclosed a short position against Adani Group and accused the company of fraud.

Hindenburg officials allege the company "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades."

Adani Group, owned by the world’s third richest person, Gautam Adani, denied the claims.

Read more from Forbes.

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