India regulator rejects US firm's fraud claims against Adani Group

India's Sebi rejects fraud claims by US firm against Adani Group, dismissing allegations of stock manipulation and financial wrongdoing. Hindenburg Research had accused Adani Group of accounting irregularities and using offshore shell companies. Sebi found no evidence of regulatory violations, market manipulation, or money siphoning, clearing the conglomerate of wrongdoing. The dismissal sheds light on the intense political scrutiny faced by billionaire Gautam Adani and the controversy surrounding his alleged ties to Indian Prime Minister Narendra Modi.