Wikipedia claims that Adani's staff had edited Wiki pages of billionaire Gotham Adani his business empire and also of his family members.
Wikipedia claims that for more than 10 years some Adani company employees have created puffery about Gotham Adani, his family, and also the business empire by removing cautionary notes from entries on Wiki pages.
Now according to the media report, the free online encyclopedia, and a report referring to Hindenburd's allegations of the con asked did he that is, Gotham Adani and his employees also tried to corn Wikipedia readers with non-neutral PR versions of related articles in Wikipedia.
Wikipedia reply to its own question and said that it almost certainly did anyone can edit or update information on Wikipedia pages which is called a Wiki but the only condition laid out by a free online encyclopedia is neutrality and that of course follows another controversy on Adani Group's business dealings
A key focus of Hindenburg's report was Adani's 300 million plus transactions relating to the Carmichael project in Australia. Transaction one was worth nearly 147 million dollars from the privately owned Carmichael Rail to buy assets from the Adani Mining Group. Transaction two was about a hundred million dollar line of credit from Adani Global to Carmichael to pay off its debt. Transaction three was another 100 million dollars in security deposit from an Adani Private Family Trust in the Caribbean to house its North Queensland export terminal.
The Carmichael Mine Rail and port assets form Adani's key strategic assets in Australia. The project became a lightning rod for the anti-coal protesters for nearly about a decade. They were eventually approved by the Queensland government in 2020 after Adani won legal battles.
Hindenburg has alleged that the Adani Group shares are all valued by 85% and since then the business empire's had a flagship firm. Adani Enterprises is now down by nearly about 60%.
Adani Transmission, Adani Green Energy and Adani total Gas stocks have also slumped by nearly about 70%. The picture becomes even bleaker if you compare the recent highs of the Adani group's shares versus their latest lows. By this comparison, the Adani Enterprises shares are down by nearly about 310% and Adani Transmission and Adani Green Energy stocks have slumped by over 400%. The wealth erosion in the rest of the Adani firm is anywhere between 150% to perhaps 380%
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