
The Adani Controversy: What It Means for India’s Economic Model
Allegations and Adani’s Defense In January 2023, New York-based short seller Hindenburg Research published a report accusing the Adani Group of market manipulation and accounting fraud. The conglomerate, led by billionaire Gautam Adani, responded with a 413-page rebuttal, framing the allegations as an attack on India’s economic independence and growth