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India opposition demands Adani probe as crisis disrupts parliament

Modi's rivals zero in on state institutions' investments in conglomerate

The allegations hitting India's Adani Group conglomerate have become a hot issue in the country's parliament. (Source photos by Getty Images and Reuters)

NEW DELHI -- India's opposition parties on Thursday demanded an investigation into accusations of "brazen stock manipulation and accounting fraud" made against conglomerate Adani Group by a U.S. short seller, upending a session that had been set to focus on the country's newly unveiled budget.

Amid a rout in Adani Group companies' shares, a ruckus erupted in parliament as soon as proceedings began, as the opposition pressed for a discussion and investigation into the allegations leveled last week by Hindenburg Research.

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