Vedanta denies the baseless accusations from US-based short-seller Viceroy Research regarding Vedanta Semiconductors Pvt Ltd (VSPL) operations. The report from Viceroy Research states that VSPL functions as a fake commodities trading business to avoid NBFC classification and enable Vedanta Resources to send brand fees during a liquidity crisis.
A Vedanta spokesperson issued a firm denial against the unfounded accusations presented in the report about Vedanta Semiconductors Pvt Ltd. All business operations of VSPL have been transparently disclosed and are fully compliant with statutory norms.
Viceroy repeated its previous accusations against Anil Agarwal’s mining conglomerate by maintaining that VSPL functioned as a financial conduit for improper activities. The company rejected this narrative by stating its operations maintain full transparency while operating within established regulatory frameworks.
The company reaffirmed its dedication to strong corporate governance and legal compliance while accusing the report of spreading misleading information that causes harm. The group continues to face criticism from Viceroy but Vedanta maintains its integrity by stating that all operations including VSPL activities follow its stated business goals and regulatory requirements.
