Adani-Hindenburg saga: Adani Group rejects allegations concerning $310 mn frozen funds in Swiss bank accounts, terms them baseless

The Adani-Hindenburg controversy escalated as the US short seller alleged that Swiss authorities had frozen over $310 million in six bank accounts linked to the Adani Group, citing criminal court records. The Adani Group rejected the "baseless allegations," stating its operations are transparent, lawful, and unrelated to any Swiss court proceedings.