Hindenburg’s report so far seems nothing more than conjecture.
Is Adani over leveraged? Sure.
Are they completely clean? No (And I believe any other corporate isn’t either)
Are they oligarchs? Yes. But then it is not party A or party B(Congress or BJP) only that they are affiliated with. They are favoured by most ruling parties of a region.(another matter altogether)
So if you are placing your trust on Hindenburg( also under investigation for short selling/harmful reporting for exactly this kind of stuff) for this or anything, check-check again.
I am surprised that this hasn’t caught attention in the recent past until Adani also started association with that Port out in the middle East.