All posts tagged: Hindenburg

Lokpal dismisses complaints against former SEBI chief Buch over Hindenburg allegations

Lokpal dismisses complaints against former SEBI chief Buch over Hindenburg allegations

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These complaints were primarily based on a report published by Hindenburg Research, which the Lokpal described as relying on “presumptions and assumptions” rather than “verifiable material”. New Delhi: The anti-corruption ombudsman Lokpal has dismissed multiple complaints alleging impropriety and conflict of interest against former SEBI chairperson Madhabi Puri Buch, concluding that the accusations lacked substantiated evidence. These complaints were primarily based on a report published by Hindenburg Research, which the Lokpal described as relying on “presumptions and assumptions” rather than “verifiable material”. In its order released on Wednesday, the Lokpal stated, “the allegations in the complaint(s) are more on presumptions and assumptions and not supported by any verifiable material and do not attract the ingredients of the offences… so as to direct an investigation therefor.” Background of the allegations The complaints, including one filed by TMC MP Mahua Moitra, were rooted in a report by Hindenburg Research — a US-based short-seller firm — released on August 10, 2024. The report alleged that Buch and her husband held interests in obscure offshore funds that were purportedly …

Why did Nathan Anderson shut down Hindenburg Research? Founder opens up on Adani Group | Latest News India

Why did Nathan Anderson shut down Hindenburg Research? Founder opens up on Adani Group | Latest News India

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Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, opened up for the first time on why his firm chose to investigate Adani Group of Gautam Adani. Hindenburg Research founder Nathan Anderson last month announced the closure of his short-selling firm.(Live Mint) In an interview with news agency PTI, Nathan Anderson said Hindenburg’s January 2023 report, which accused the Adani Group of “the largest con in corporate history” was pursued following “red flags” raised against the conglomerate in media reports. “We initially saw media articles outlining red flags, took a closer look, and just kept following the evidence,” he told PTI on why the Adani group was chosen. Also Read | ‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe On being asked if he stood by Hindenburg’s reports, particularly against the Adani Group, Anderson said, “We 100 per cent stand by all of our research findings.” He termed as “goofy conspiracy” the attempts by some to link Hindenburg with alleged anti-India groups like OCCRP and George Soros, saying his …

Hindenburg research, which targeted Adani, shuts down

Hindenburg research, which targeted Adani, shuts down

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Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, will disband, its founder Nate Anderson announced on Thursday. Announcement by Anderson, 40, who started Hindenburg in 2017, came just days before Donald Trump’s inauguration as the new President of the United States. While he cited the toll of the “rather intense, and at times, all encompassing” nature of the work as the reason for his decision, critics were quick to link the shutting down Hindenburg’s alleged ties with George Soros and the so-called deep state being under significant pressure from the incoming Trump administration. Adani Group CFO Jugeshinder Robbie Singh in a cryptic post on X said, “Kitne Ghazi Aaye, Kitne Ghazi Gaye” Hindenburg in January 2023 published a report accusing the Adani group of “pulling the largest con in the corporate history”, wiping out more than $150 billion in value of the group’s shares at their lowest point. Adani group vehemently denied all the allegations including that being “engaged in a …

“Who Were Crooked Puppets?” Lawyer Jai Anant Dehadrai On Hindenburg News

“Who Were Crooked Puppets?” Lawyer Jai Anant Dehadrai On Hindenburg News

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New Delhi: Jai Anant Dehadrai, the lawyer who last year accused a Trinamool MP of accepting bribes to ‘target’ the Adani Group, reacted Thursday to news Hindenburg Research – the United States-based short seller that alleged, with no apparent evidence, financial impropriety by the business giant – will be disbanded. In a lengthy post on X this morning, Mr Dehadrai also linked Hindenburg shutting down to the return of Donald Trump as the US President on January 20; earlier an influential member of Mr Trump’s party had called out a decision by the outgoing government, led by Joe Biden, to probe certain Adani firms. Mr Dehadrai also hit out at the Trinamool leader – labelling the person a “crooked puppet who tried spinning a conspiracy-theory (around Hindenburg’s allegations), particularly against the Prime Minister (Narendra Modi)”, and demanded the MP be “subjected to rigorous custodial inquiry”. “With Hindenburg shutting down mere days before Trump takes office, the message couldn’t be clearer: the attacks on Prime Minister Modi, the Adani Group, and India’s stock market regulator (the …

Hindenburg founder to close short-seller behind Adani, Nikola selloffs | World News

Hindenburg founder to close short-seller behind Adani, Nikola selloffs | World News

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Hindenburg Research’s founder said he would disband the firm whose reports sparked heavy selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and US-based Nikola. Nathan Anderson, who started Hindenburg in 2017, cited the toll of the “rather intense, and at times, all-encompassing” nature of the work as the reason for his decision, in a website post published on Wednesday. Short-sellers like Anderson, who managed his firm’s own money but not that of others, bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation. Short-selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Should the price rise, the seller can be exposed to potentially unlimited losses. Anderson, who did not immediately respond to a Reuters request for comment, said there was not a specific reason for his decision – “no particular threat, no health issue, and no big personal issue.”“The …

US-Based Short Seller Hindenburg Research, Which Targeted Adani Group, To Be Disbanded

US-Based Short Seller Hindenburg Research, Which Targeted Adani Group, To Be Disbanded

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Hindenburg Research, the US-based short seller that had targeted several business entities including the Adani Group, is going to be disbanded, founder Nate Anderson has said. “I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on,” he said in a note on the Hindenburg website. Anderson has clarified there has been no particular threat or personal issue behind this decision to wind up. Hindenburg targeted the Adani Group in 2022 with what the group said was “nothing but a lie” and were “calculated attacks on India“. In August 2024, the short-seller launched another attack on the energy-to ports conglomerate, which snubbed the charges as “recycled claims” that had earlier been discarded. Speaking about the short seller hit jobs a month later, Gautam Adani, the chairman of Adani Group, had said it taught him the “most profound lesson”. “Our leadership spirit was never more visible than during the financial market attack in January last year. It was a short-selling …

Hindenburg Research, which published report on Adani Group, to be disbanded: Founder | World News

Hindenburg Research, which published report on Adani Group, to be disbanded: Founder | World News

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Jan 16, 2025 06:00 AM IST Anderson will disband Hindenburg Research, which triggered major short-selling and investigations impacting firms like Adani Group and Nikola. Hindenburg Research’s founder Nathan Anderson said he would disband the firm whose reports sparked heavy short-selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and US-based Nikola. Researcher Nate Anderson of Hindenburg Research disrupts short-selling norms in 2023, impacting billionaire portfolios and market values.(Twitter) Nathan Anderson, who started Hindenburg in 2017, cited the toll of the “rather intense, and at times, all-encompassing” nature of the work as the reason for his decision, in a website post published on Wednesday. “There is not one specific thing — no particular threat, no health issue and no big personal issue,” Nathan Anderson wrote in a letter. “The intensity and focus has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central …

Hindenburg-Adani row: Mauritius FPIs named in Hindenburg report challenge SEBI norms; Jairam Ramesh reiterates demand for probe

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The logo of Securities and Exchange Board of India (SEBI). | Photo Credit: Reuters Two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal (SAT), seeking urgent relief from complying with SEBI’s new foreign investor norms before the upcoming September 9 deadline. Also read | Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock Congress general secretary (communications) Jairam Ramesh on Sunday (September 8, 2024) flagged that both the FPIs are alleged to be violating rules that require investors to not be over-invested in a single stock. “These rules are meant to ensure that black money routed through tax havens do not flood back into Indian capital markets. They must be upheld at all costs,” said Mr. Ramesh on X. Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI’s new foreign investor norms …

It’s About Shattering Mental Barriers, Gautam Adani On Fighting Off Short Seller Hindenburg Research

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Adani Group Chairman Gautam Adani addresses students at Jai Hind College New Delhi: Adani Group Chairman Gautam Adani today shared what he called “the most profound lesson” from the attack by the short seller Hindenburg Research. Referring to the short seller’s hit job, the billionaire industrialist in a Teachers’ Day address to students of Jai Hind College in Mumbai highlighted the importance of “rising stronger after every fall.” “Over the years, we have assembled a set of leaders who dare to repeatedly venture into the unknown. Even in the face of unprecedented challenges, it is their guts that inspire others to rise. This form of leadership is the very essence of what defines the Adani Group,” Mr Adani said. “And our leadership spirit was never more visible than during the financial market attack in January last year. It was a short-selling attack initiated from abroad. This was not a typical financial strike. It was a dual assault targeting our financial stability and pulling us into a political storm. It was a calculated move, timed just …

Gautam Adani on Hindenburg report: ‘Wanted to destabilise us, defame India’

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Gautam Adani on Hindenburg: Adani Group chairman Gautam Adani said that the Hindenburg report was an an attempt to destabilise the Adani Group and defame the current administration in India. The comments come over a year after US-based investment research firm Hindenburg published a report on Adani Group stocks. Gautam Adani on Hindenburg report: Adani Group Chairman Gautam Adani leaves after addressing the Vibrant Gujarat Global Summit in Gandhinagar.(AP) Gautam Adani said, “Last year, January 24, we were subject to a massive attack by a US short seller. The objective was just not to destabilize us, but also to politically defame India’s governance practices. Despite the efforts to shake our foundation, we stood firm, not just safeguarding our reputation but also ensuring we remained focused on our operations.” Hindustan Times – your fastest source for breaking news! Read now. What did the Hindenburg report claim? On January 24, 2023, Hindenburg published its report against Adani group companies alleging that the group was involved in fraudulent transactions, accounting frauds as well as stock market manipulation. This …