Adani stocks open in red post the ongoing Hindenburg and SEBI chief saga
Are Swiss prosecutors investigating the Adani Group, and who is Is Chang Chung-Ling?
All Adani stocks opened in red on Monday post the news of the ongoing Hindenburg-SEBI saga. Adani Enterprises trades 3.5 per centlower and Adani Power is down nearly 5 per cent at 10:24 AM.
Hindenburg responded to the SEBI chief's initial response with a series of tweets:
Excerpts of Hindenburg's tweets
'Buch’s response now publicly confirms her investment in an obscure Bermuda/Mauritius fund structure, alongside money allegedly siphoned by Vinod Adani. She also confirmed the fund was run by a childhood friend of her husband, who at the time was an Adani director.'
'SEBI was tasked with investigating investment funds relating to the Adani matter, which would include funds Ms Buch WAS PERSONALLY INVESTED IN and funds by the same sponsor, which were specifically highlighted in our original report. This is obviously a massive conflict of interest.'
(This is a developing story)