The Hindenburg Report is a research report published by Hindenburg Research, a U.S.-based financial research firm, in December 2022. The report raised serious concerns about the financial and ethical practices of Adani Group, one of India's largest conglomerates. The report accused Adani of various improprieties, including inflated revenues, inflated assets, and a history of environmental violations. It also highlighted the company's potential conflicts of interest and poor tax compliance practices. The report also raised questions about Adani's financial reporting and accounting practices. Adani Group, one of India's largest conglomerates, has been in the news lately for its proposed Carmichael coal mine in Queensland, Australia. The mine has been a source of controversy due to its potential environmental impact and the company's track record on environmental and social issues. In December 2022, Hindenburg Research, a U.S.-based financial research firm, relea
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