ENVIRONMENT

Report questions Adani's Carmichael conduct

INDIAN billionaire Gautam Adani - whose eponymous company owns the Carmichael coal mine and rail project in Queensland - has issued a 413-page response to allegations of fraud by short-seller Hindenburg Research as he seeks to complete a US$2.5 billion capital raising.

Hindenburg said Adani had not responded adequately to any of the serious issues raised in its report.

Hindenburg said Adani had not responded adequately to any of the serious issues raised in its report.

The Hindenburg report was critical of a number of transactions relating to Adani's controversial Carmichael project, alleging Adani may have used those transactions as a means to avoid disclosing major...

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