News for 'bank fraud'

Adani Group begins $130 mn debt buyback, first since Hindenburg report

Rediff.com24 Apr 2023

Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.

'Why can't they catch the big thief?'

Rediff.com19 Aug 2021

'What the RBI is doing is trying to catch the mouse when they have to catch the tiger.'

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