SEBI, Attorney-General may take action against Hindenburg as its report is based on lies: Adani Group CFO
Of the 88 inquiries sent to the Adani Group, 62 received no detailed responses, claimed Hindenburg Research.
The Securities and Exchange Board of India (SEBI) may allege that a certain investor suffered financial loss as the Hindenburg Research is based on lies, according to Adani Group CFO Jugeshinder Singh. In such a case, the regulatory body can take legal action. Even an investor or a ministry or even the Attorney-General for India can file a case, civil or criminal, based on such understandings.