{"id":138761,"date":"2023-12-05T15:37:00","date_gmt":"2023-12-05T22:37:00","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=138761"},"modified":"2023-12-05T15:37:00","modified_gmt":"2023-12-05T22:37:00","slug":"us-examined-hindenburg-allegations-before-giving-loan-to-adani","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/12\/05\/us-examined-hindenburg-allegations-before-giving-loan-to-adani\/","title":{"rendered":"US examined Hindenburg allegations before giving loan to Adani"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Economic Times<\/em><\/span><\/h2>\n\n\n<p>Synopsis<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Adani-Hindenburg: The Hindenburg Research allegations of corporate fraud against Gautam Adani didn&#8217;t impact the US decision to grant up to $553 million for a Sri Lankan terminal. The US agency, DFC, found the accusations were not relevant to Adani&#8217;s specific project.<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/img.etimg.com\/thumb\/msid-105741776,width-300,height-225,imgsize-39258,,resizemode-75\/adani-group-stocks-surge-up-to-20-heres-why.jpg\" alt=\"Adani Group stocks surge up to 20%. Here\u2019s why\"\/><\/figure>\n\n\n\n<p>The US government concluded that short-seller Hindenburg Research\u2019s allegations of corporate fraud against Indian billionaire Gautam Adani weren\u2019t relevant before extending his conglomerate as much as $553 million for a container terminal in Sri Lanka, a senior US official said.<\/p>\n\n\n\n<p>Allegations in a scathing report by US-based Hindenburg Research, which erased around $100 billion from the Adani Group\u2019s market value earlier this year, were front and center as the International Development Finance Corp., or DFC, conducted a due diligence investigation of the conglomerate, an official from the US agency told Bloomberg.<\/p>\n\n\n\n<p>The DFC was satisfied that the accusations in the short-seller\u2019s repo&nbsp;..<\/p>\n\n\n\n<p>Read more at:<br><a href=\"https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/us-examined-hindenburg-allegations-before-giving-loan-to-adani\/articleshow\/105741857.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst\">https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/us-examined-hindenburg-allegations-before-giving-loan-to-adani\/articleshow\/105741857.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Economic Times Synopsis Adani-Hindenburg: The Hindenburg Research allegations of corporate fraud against Gautam Adani didn&#8217;t impact the US decision to grant up to $553 million for a Sri Lankan terminal. The US agency, DFC, found the accusations were not relevant to Adani&#8217;s specific project. The US government concluded that short-seller Hindenburg Research\u2019s allegations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-138761","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/138761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=138761"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/138761\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=138761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=138761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=138761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}