Conglomerate

Organizations

• Adani GroupIndia. 4 claims, 3 cases.
• Toshiba CorporationJapan. 3 claims, 2 cases.

Claims

• Supported1
• Partly supported1
• Contradicted1
• Outdated1
• Unresolved2
• Opinion1

• Partly supported73
  The Adani Group chairman said in September 2025 that SEBI had reaffirmed the Hindenburg claims were baseless.
  Adani GroupPress report, 18 September 20252 records citedDisclosure
• Unresolved70
  The SEC alleged in November 2024 that Gautam Adani and Sagar Adani were involved in paying or promising bribes to Indian officials and that Adani Green's 2021 offering documents misled investors.
  Adani GroupRegulator statement, 20 November 20243 records citedBribery
• Opinion65
  Toshiba said on its delisting in December 2023 that it would take a major step toward a new future with a new shareholder.
  Toshiba CorporationCompany statement, 20 December 20232 records citedCorporate status
• Unresolved46
  The January 2023 Hindenburg report said the Adani Group had engaged in a brazen stock manipulation and accounting fraud scheme over decades.
  Adani GroupShort-seller report, 24 January 20232 records citedMarket conduct
• Contradicted77
  The Hindenburg report said it identified numerous undisclosed related party transactions by listed and private Adani companies.
  Adani GroupShort-seller report, 24 January 20233 records citedDisclosure
• Supported94
  Japan's Financial Services Agency ordered Toshiba in December 2015 to pay an administrative penalty of more than JPY 7.3 billion for false statements in its securities reports.
  Toshiba CorporationRegulator statement, 6 January 20163 records citedAccounting
• Outdated83
  Press reports in July 2015 said an independent committee found Toshiba had overstated profits by JPY 151.8 billion between 2008 and 2014.
  Toshiba CorporationPress report, 21 July 20152 records citedAccounting