Six months ago, Hindenburg Research unveiled “brazen accounting fraud, stock manipulation, and money laundering,” shattering any illusion still held of Adani’s ethical standing. Yet, the tentacles of this conglomerate’s misdeeds stretch even further. Confidential documents obtained by the Organised Crime and Corruption Reporting Project (OCCRP), shared with The Financial Times and The Guardian, have come to light, confirming Hindenburg’s allegations - vehemently denied by the Adani Group - that Gautam Adani’s brother Vinod and his associates control a “vast labyrinth of offshore shell entities” to artificially inflate Adani stock prices and move money in and out of its listed companies. Read More