Former US treasury secretary and former Harvard University president Larry Summers has compared the recent allegations in the Hindenburg Research report on the Adani group to Enron scandal in the US. This, the economist claimed, could be India’s “possible Enron moment”.
During Bloomberg’s Wall Street Week last Friday, Summers was asked what he was looking for from the G20 meetings. He didn’t name Adani, but said, “We haven’t talked about it on the show but there’s been a kind of possible Enron moment in India…”
“And I imagine with India emerging as the world’s largest country and the meeting taking place in India, there’s going to be a lot of curiosity from all present about how that’s going to play through and what – if any – larger systemic implications that’s going to have for India,” he continued.
Summers was likening the situation in India now to the accounting scandal involving the Enron Corporation, a US-based energy company, that was exposed in 2001. Executives of the
— source thewire.in | 23/Feb/2023