After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.
It had appeared to be one of the largest economic scandals in the history of modern India with the group’s perceived proximity to Prime Minister Narendra Modi. The expert committee convened by the court, however, is yet to get to the bottom of it.
