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Viceroy Research accuses Vedanta Semiconductors of operating as a "sham" to evade financial regulations; Vedanta denies claims.
US short-seller Viceroy Research has accused Vedanta Semiconductors, a subsidiary of the Vedanta Group, of being a "sham" commodities trading operation to avoid classification as a non-banking financial company.
The report claims the company uses paper-based commodity trading to manage liquidity issues and bypass financial regulations.
Vedanta has denied the allegations, calling them "baseless."
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Viceroy Research acusa a Vedanta Semiconductors de operar como una "farsa" para evadir las regulaciones financieras; Vedanta niega las afirmaciones.