In the face of damaging allegations from American short-seller Viceroy Research, mining giant Vedanta has found an ally. 
Global brokerage JP Morgan has come to the defence of the Anil Agarwal-led group, calling the claims overstated and reaffirming its confidence in the company’s financial health.
So, what exactly are the allegations against Vedanta? And why is JP Morgan backing Vedanta?

In the face of damaging allegations from American short-seller Viceroy Research, mining giant Vedanta has found an ally. 
Global brokerage JP Morgan has come to the defence of the Anil Agarwal

Viceroy research vs Vedanta group: The 'Ponzi' row explained | JP Morgan | Vedanta share price

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Viceroy research vs Vedanta group: The 'Ponzi' row explained | JP Morgan | Vedanta share price

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