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flag Viceroy Research accused Vedanta Resources of a Ponzi-like financial structure, causing stock prices to plummet.

flag US short-seller Viceroy Research accused Vedanta Resources Ltd of having a financially unsustainable structure resembling a Ponzi scheme. flag The report claims the parent company drains cash from its subsidiary to service its debts, leading to inflated asset values and other financial irregularities. flag This led to a sharp drop in Vedanta Ltd and Hindustan Zinc shares by up to 8%. flag Vedanta strongly denied the allegations, calling them baseless and aimed at market manipulation.

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