Thread by @BeatTheStreet10

Hindenburg Reply on Adani’s Response - before CFO Media Interview!

“In terms of substance, Adani’s ‘413 page’ response only included about 30 pages focused on issues related to our report.”

#adani #AdaniGroup #hindenburg #ADANIENT #AdaniEnterprises #Hindenburg

The remainder of the response consisted of 330 pages of court records, along with 53 pages of high-level financials, general information, and details on irrelevant corporate initiatives, such as how it encourages female entrepreneurship and the production of safe vegetables.

Adani Failed To Specifically Answer 62 of Our 88 Questions

Of The Questions It Did Answer, The Group Largely Confirmed Or Attempted to Sidestep Our Findings

Our Report Alleged That Adani Group Has Engaged In Billions of U.S. Dollars In Suspicious Dealings With Vinod Adani

Adani’s Defense: Vinod Adani, Is Not A Related Party To The Group And There Are No Disclosable Conflicts Relating To This Web Of Opaque Transactions

We Asked About The Source of The Billions Of U.S. Dollars That Have Flowed From Vinod Adani-Associated Offshore Shell Entities Through The Adani Group

Adani’s Defense: “We Are Neither Aware Nor Required To Be Aware Of Their ‘Source Of Funds

Adani’s Response Claimed It Simply Doesn’t Know Who Its Largest Public Holders Are

Of The Questions Adani Answered, They Largely Confirmed Our Findings, Argued Points We Didn’t Raise Or Sidestepped The Key Issues Altogether

Conclusion Adani’s Response Largely Confirmed Our Findings And Ignored Our Key Questions

hindenburgresearch.com/adani-response/