Short-seller Hindenburg Research made accusations against the head of India's market regulator.
It said that the regulator had links to offshore funds also used by the Adani Group.
Adani companies lost around $2.43 billion in market value during a share sell-off on Monday.
AdvertisementGautam Adani, one of the world's richest men and founder of Adani Group, has suffered yet another setback.
This week, fresh accusations by activist short-seller Hindenburg Research led to a heavy share sell-off at Adani's group of companies, wiping off around $2.4 billion in their total market value, according to Reuters.
Persons:
—, Gautam, Hindenburg
Organizations:
Hindenburg, Adani, Service, Hindenburg Research, Reuters, Business
Locations:
New York