MANAGEMENT

Indian court pricks Hindenburg's balloon

A COMMITTEE appointed by the Indian Supreme Court has confirmed that fraud allegations against Bravus parent company, the Adani Group, by short-selling group Hindenburg Research were false and baseless.

 The court found there was “no regulatory failure” and “no evident pattern of manipulation” following expert investigation of stock manipulation.

The court found there was “no regulatory failure” and “no evident pattern of manipulation” following expert investigation of stock manipulation.

Bravus said all its businesses were Australian companies that complied with Australian corporations and securities legislation. "None of our businesses have been contacted by the Australian Securities...

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