Watchdog won't probe fraud allegations against Adani

Sarah Court explains why the corporate watchdog won't investigate fraud allegations against Adani. (Lukas Coch/AAP PHOTOS) (AAP)

Australia's corporate regulator has decided not to pursue allegations of fraud and stock manipulation levelled against the Adani Group.

In January, US-based short seller Hindenburg Research alleged Adani Group engaged in "a brazen stock manipulation and accounting fraud scheme over the course of decades".