In a recent development, India's Supreme Court has dismissed petitions seeking the establishment of a new panel to investigate allegations of fraud against the Adani group. This decision comes in the wake of significant market turbulence that saw the Indian conglomerate experience a substantial decline in its market value, following accusations of stock manipulation and improper use of tax havens made by U.S. short seller Hindenburg last year.
The Adani group, a major player in India's business landscape with diverse interests ranging from energy to infrastructure, faced a serious blow to its reputation and financial standing after. . .