India

The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country's role as a tax haven for India's tycoons.

Public interest petitions had sought the court's intervention after reports alleged accounting fraud and stock manipulation by the conglomerate.

Indian tax authorities, who searched the BBC's offices this week, said they were probing a "prominent international media company" whose income did not match its operations.

An Indian tax probe at the offices of the BBC continued a second day, weeks after the broadcaster aired a documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi's alleged role.

The British broadcaster aired a documentary about the prime minister's alleged role in violence in his home state, and shortly afterward tax officials arrived for a 'survey.'

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

Billionaire Gautam Adani's companies have suffered a stock meltdown in recent weeks after U.S. short-seller Hindenburg Research accused the conglomerate of manipulation and accounting fraud.

A short-seller accused the the company of "brazen" market manipulation and accounting fraud.

Hindenburg Research had published a 100-page report alleging that its two-year investigation found "brazen stock manipulation and accounting fraud."

The Indian company may sue U.S. investor Hindenburg Research after the short seller released a report alleging "brazen" market manipulation and accounting fraud.