Australian regulator to review short-seller report on India's Adani

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Australian regulator to review short-seller report on India's Adani
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.asicmedia will reportedly review a report into Indian major AdaniOnline and its dealings in Australia BravusResources mining resources coal exports

SYDNEY- Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group.

Among concerns relating to Adani's Australian operations, Hindenburg questioned the appointment of an executive and its accounting practices.

The Hindenburg report "presents transactions related to Adani's Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies," the statement said.

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