Adani Group fights back

The company owned by Asia's richest man Gautam Adani has issued a detailed rebuttal of allegations of wrongdoing by short seller Hindenburg Research. Adani Group, an Indian conglomerate, had more than $50 billion wiped off its stock market value last week. In a document, which runs to more than 400 pages, Adani Group says the report is a "calculated attack on India". It also said that it had complied with all local laws and had made the necessary regulatory disclosures. Hindenburg says its main allegations have still not been addressed.