New Delhi, July 10 -- In an 87-page report, American short-seller and investigative financial research group Viceroy Research has accused Vedanta Resources Ltd (VRL), the parent company of the natural resources conglomerate Vedanta Ltd (VEDL), of being a "parasite" with no significant operations of its own, relying upon cash extraction from its Mumbai-listed dying "host" Vedanta Ltd.

Vedanta Resources is a London-headquartered diversified mining company owned by Indian billionaire Anil Agarwal.

Mint breaks down the five most important issues flagged by Viceroy Research.

Vedanta Resources forces Vedanta to declare disproportionately large dividends to meet its debt obligations, Viceroy alleged. These dividends are funded by the Indian c...