Explained: American Viceroy does a Hindenburg on Anil Agarwal's Vedanta. Here's what you need to know

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Viceroy Research has accused Anil Agarwal's Vedanta Group of being a 'Ponzi scheme,' triggering a stock crash. The report alleges that Vedanta Resources, the parent company, is draining cash from Vedanta Limited through disproportionate dividends and debt, pushing the group towards insolvency.