New Delhi:
The Adani Group has referred to as a report in a Swiss media outlet an “orchestrated and egregious try by the identical cohorts performing in unison” to hurt the Group’s fame and market worth.
US quick vendor Hindenburg Analysis in a submit on X claimed that Swiss media outlet ‘Gotham Metropolis’ accessed Swiss felony courtroom information to allege an “Adani frontman invested in opaque… funds that nearly completely owned Adani shares…”
The Adani Group in an announcement referred to as the allegations baseless, preposterous, irrational and absurd.
“We unequivocally reject and deny the baseless allegations offered. The Adani Group has no involvement in any Swiss courtroom proceedings, nor have any of our firm accounts been topic to sequestration by any authority,” the Adani Group stated in an announcement.
“Moreover, even within the alleged order, the Swiss courtroom has neither talked about our group firms, nor have we obtained any requests for clarification or info from any such authority or regulatory physique. We reiterate that our abroad holding construction is clear, absolutely disclosed, and compliant with all related legal guidelines,” the Adani Group stated.
“These allegations are clearly preposterous, irrational, and absurd. We’ve no hesitation in stating that that is one more orchestrated and egregious try by the identical cohorts performing in unison to inflict irreversible injury on our group’s fame and market worth,” it stated.
“Baseless, Irrational, Absurd Allegations”: Adani Group On Swiss Media Report pic.twitter.com/utyl2IzGnx
— NDTV (@ndtv) September 12, 2024
“The Adani Group stays steadfastly dedicated to transparency and compliance with all authorized and regulatory necessities. We strongly condemn this effort and urge you to chorus from publishing this story. Do you have to resolve to proceed, we request that you simply embrace our assertion in full,” the Adani Group stated.
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