It has holdings in various sectors, such as ports, energy, mining, and logistics. Adani investigation

1. ADANI GROUP
RESPONDS TO
INVESTIGATION CLAIMS
BY FOCUSSING ON
TRANSPARENCY

2. The Adani Group is one of India's most profitable and well-known
conglomerates. It has holdings in various sectors, such as ports, energy,
mining, and logistics. Adani investigation into suspected corporate
governance and financial regulation breaches has been conducted on the
company in recent months, making it the focus of several inquiries into
these matters.
Hindenburg Research, issued a study in January 2023 in which it made the
allegation that the Adani Group had been involved in a "brazen stock
manipulation and accounting fraud scheme over decades." In addition to
this accusation, the study said that the organization was suspected of
having "extensive ties to offshore shell entities and money laundering."
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3. 02
The Adani Group has vehemently disputed
each of the claims presented in the
Hindenburg report, describing it as a
"malicious combination of selective
misinformation and concealed facts
relating to baseless and discredited
allegations to drive an ulterior motive."
Additionally, to address the issues that
were brought up in the report, the
organization has taken the following steps:

4. 03
• Appointed a third-party auditor to do an audit of
the company's financial accounts
• provided more details on its offshore companies
and operations
• Conducted investigations into the matter
• Investigations are now being conducted into the
Adani Group by a variety of Indian and foreign
agencies, including the following:
• The Securities and Exchange Board of India.
• The Central Bureau of Investigation
• Directorate of Enforcement.
• The Department of Justice (DOJ)

5. ACCOUNTABILITY AND OPENNESS TO THE PUBLIC
In light of the findings of the Adani investigation (or Hindenburg
investigation), the Adani Group has given its word that it would become
more open and responsible. Additionally, it has been found that the
organization is dedicated to maintaining the best possible standards of
corporate governance.
The Adani Group has disclosed more information on its offshore
organizations as part of the new transparent measures it has launched.
In addition, the company has announced that it will be publishing
reports on its corporate governance procedures quarterly.
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