American firm Hindenburg alleges ‘brazen fraud’ by Adani Group; ‘malafide intention’ to damage upcoming FPO, alleges company
2 years, 2 months ago

American firm Hindenburg alleges ‘brazen fraud’ by Adani Group; ‘malafide intention’ to damage upcoming FPO, alleges company

The Hindu  

Well-known US activist investor Hindenburg Research has alleged that Adani Group was “engaged in a brazen stock manipulation and accounting fraud”, a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale, PTI reported. Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation reveals that “the ₹17.8 trillion Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.” The report comes ahead of a ₹20,000 crore follow-on share sale of Adani Group’s flagship Adani Enterprises. “Gautam Adani, founder and chairman of Adani Group, has amassed a net worth of roughly USD 120 billion, adding over USD 100 billion in the past 3 years largely through stock price appreciation in the group’s seven key listed companies, which have spiked an average of 819% in that period,” the US researcher’s report said. “Our research involved speaking with dozens of individuals, including former senior executives of Adani Group, reviewing thousands of documents, and conducting diligence site visits in almost half a dozen countries,” it said. Lakhimpur Kheri case: SC grants Ashish Mishra interim bail ‘initially’ for eight weeks The Supreme Court on January 25 granted interim bail for eight weeks to Ashish Mishra, the prime accused in the Lakhimpur Kheri killings and son of Union Minister of State for Home Affairs Ajay Kumar Mishra, even as it described the crime as “ghastly” and “unfortunate”.

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History of this topic

Stock markets fall as US tariff concerns, earnings worries sour sentiment
1 month, 2 weeks ago

Stock markets fall as US tariff concerns, earnings worries sour sentiment

Deccan Chronicle  

Indian shares fell on Tuesday, tracking other Asian peers, as concerns around U.S. trade policy and lacklustre domestic earnings continued to sap investor sentiment. The Nifty 50 was down 0.47% at 23,271 as of 10:33 a.m. IST, while the BSE Sensex shed 0.44% to 76,975.9. All 13 major sectors declined, while the broader smallcaps and midcaps lost 2.5% and 2%, …

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment
1 month, 2 weeks ago

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment

Live Mint  

Adani Group stocks rallied up to 4% on Tuesday after reports that few US Congressmen have written to the newly appointed Attorney General of the United States demanding a probe into the previous Department of Justice's indictment of Adani Group officials Adani Enterprises share price and Adani Power share price jumped more than 4% each, while Adani Green Energy shares …

Hindenburg's Nate Anderson says stands by Adani report, closure not due to threat
1 month, 3 weeks ago

Hindenburg's Nate Anderson says stands by Adani report, closure not due to threat

Deccan Chronicle  

New Delhi: Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat - legal or otherwise - and that he stands by all its reports. Anderson told PTI that Hindenburg's January 2023 report accusing Adani Group of "the largest con in corporate …

Hindenburg's Nate Anderson says stands by Adani report, closure not due to any threat
1 month, 3 weeks ago

Hindenburg's Nate Anderson says stands by Adani report, closure not due to any threat

The Hindu  

Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat — legal or otherwise — and that he stands by all its reports. Mr. Anderson told PTI that Hindenburg’s January 2023 report accusing Adani Group of “the largest con in corporate history” …

Why did Hindenburg go after Adani Group? Nathan Anderson breaks silence
Trending News
1 month, 3 weeks ago

Why did Hindenburg go after Adani Group? Nathan Anderson breaks silence

India Today  

Hindenburg Research founder Nathan Anderson spoke for the first time about why the US-based short-selling firm decided to investigate the Adani Group. The Hindenburg report, released in January 2023, accused the Adani Group of using offshore companies to inflate revenue and manipulate stock prices while accumulating debt. Anderson termed as "goofy conspiracy" the attempts by some to link Hindenburg with …

The Closure of Hindenburg Research – and the Legacy It Leaves Behind
2 months ago

The Closure of Hindenburg Research – and the Legacy It Leaves Behind

The Quint  

First, while Hindenburg Research focused on firms based in many countries, the impact on those associated with emerging economies need to be evaluated. Responding to actions by the US authorities in November 2024, French oil firm TotalEnergies, a joint venture partner for the Adani Group, announced that it was not going to make fresh investments in its join projects with …

Hindenburg closure not a clean chit for Adani group: Congress
2 months, 1 week ago

Hindenburg closure not a clean chit for Adani group: Congress

The Hindu  

The Hindenburg Research Group’s closure does not in any way mean a clean chit for the Adani group, the Congress said on Thursday, reacting to Hindenburg founder Nate Anderson’s announcement on disbanding the U.S.-based short seller. The party has reiterated its demand for a Joint Parliamentary Committee investigation into alleged “acts of blatant favouritism and brazen criminality” by the Adani …

Adani group shares rise founder Anderson decides to disband Hindenburg
2 months, 1 week ago

Adani group shares rise founder Anderson decides to disband Hindenburg

The Hindu  

Shares of Adani Group companies on Thursday surged in the range of 2,5% to about 7% in the morning hours before correcting on the BSE as Hindenburg Research founder Nathan Anderson abruptly announced to disband the short selling outfit. After market hours Adani Enterprises Ltd., the group’s holding company closed with a gain of 1.74% ₹2427, Adani Ports up 2.3%, …

We shook a lot of empires, says Hindenburg founder
Trending News
2 months, 1 week ago

We shook a lot of empires, says Hindenburg founder

Deccan Chronicle  

Mumbai: Hindenburg Research founder Nate Anderson while officially announcing the firm's closure on Wednesday, January 15, 2025, stated in a post that the US based shortseller’s investigations have led to 100 individuals being charged civilly or criminally by regulators including billionaires and oligarchs. “We shook some empires that we felt needed shaking.” “To date, Hindenburg and its founders’ investigations have …

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group
2 months, 1 week ago

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group

ABP News  

Hindenburg Research founder Nathan Anderson announced on Wednesday that he would disband the firm, whose reports led to massive short-selling by investors and sparked investigations by authorities. In his message, Anderson wrote, “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. Here Is A Look At The …

Adani Group shares rise as Hindenburg founder disbands short-seller
2 months, 1 week ago

Adani Group shares rise as Hindenburg founder disbands short-seller

The Hindu  

Adani Group company shares rose sharply on Thursday morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday Mr. Anderson said that it has completed the projects it was handling.he plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson said Wednesday. …

Hindenburg Research to shut down: Timeline of Nathan Anderson’s explosive allegations on Adani Group
2 months, 1 week ago

Hindenburg Research to shut down: Timeline of Nathan Anderson’s explosive allegations on Adani Group

Live Mint  

Nate Anderson, the founder of Hindenburg Research, announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group. Hindenburg news LIVE Updates: Here's the timeline of his reports on Adani January 2023: The US-based short seller …

Adani Group stocks jump up to 5% after Hindenburg shuts down operations; Adani Ent, Adani Power, Adani Ports top gainers
2 months, 1 week ago

Adani Group stocks jump up to 5% after Hindenburg shuts down operations; Adani Ent, Adani Power, Adani Ports top gainers

Live Mint  

Adani Group stocks jumped over 5% on Thursday after Hindenburg Research, the short-seller behind the $100 billion Adani Group shares sell-off, shut down its operations. Among the Adani Group stocks, Adani Enterprises, Adani Green Energy and Adani Power shares rallied 5.5% each, while Adani Ports & SEZ, Adani Energy Solutions and Adani Total Gas shares gained over 4% each. Timeline …

Hindenburg Research, short-seller behind Adani shares sell-off, disbanded; founder says I view this as ‘love story’
2 months, 1 week ago

Hindenburg Research, short-seller behind Adani shares sell-off, disbanded; founder says I view this as ‘love story’

Live Mint  

Hindenburg Research, the short-seller behind Adani Group shares sell-off, is being "disbanded". It's founder Nate Anderson said in a note, "As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research." A ‘love story’ Hindenburg Research founder Anderson recalled his time at the organization saying, "We have days of …

Adani Group shares rise as Hindenburg Research shuts down. Details here
2 months, 1 week ago

Adani Group shares rise as Hindenburg Research shuts down. Details here

India Today  

Adani Group stocks witnessed a decent rally on Thursday, with shares rising as much as 9% following the announcement that US-based short-selling firm Hindenburg Research has shut down operations. The rally in Adani Group stocks comes in the wake of an official statement by Hindenburg Researchs founder, Nate Anderson, who announced the firms closure. In January 2023, Hindenburg Research published …

Hindenburg Research, whose report accused Adani Group of fraud, to be disbanded: founder
2 months, 1 week ago

Hindenburg Research, whose report accused Adani Group of fraud, to be disbanded: founder

The Hindu  

U.S. investment group Hindenburg Research will be disbanded, its founder Nate Anderson said Wednesday, adding that it has completed the projects it was handling. The company has wiped billions of dollars off companies' market values, including Indian conglomerate Adani Group after the research firm accused it of "brazen" corporate fraud. Looking ahead, Anderson plans to come up with a series …

Adani Wilmar stocks recover as share price rises 5% in ealry trade
2 months, 3 weeks ago

Adani Wilmar stocks recover as share price rises 5% in ealry trade

India Today  

Shares of Adani Wilmar rebounded in early trading on Wednesday, climbing nearly 5% to reach a high of Rs 323.50 after having closed at Rs 308.25 in the previous session. This recovery follows a sharp decline of 7% on Tuesday after Adani Enterprises Ltd announced its decision to sell its entire 44% stake in Adani Wilmar Ltd. Adani Enterprises, the …

Adani Group says it lost nearly $55 billion since US indictment: Report
4 months ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 months ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 months ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Adani shares rally in India after founder's US charges
Trending News
4 months ago

Adani shares rally in India after founder's US charges

Deccan Chronicle  

Mumbai: Shares in Indian billionaire Gautam Adani's conglomerate rallied Friday to pare the previous day's frenzied sell-off sparked by US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts. Shares in Adani Enterprises, his conglomerate's main listed unit, rose nearly four percent in morning trade, while its listed ports and power subsidiaries posted …

Adani Group stocks in trouble again! What should investors do now?
4 months ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
4 months ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Adani may see wider impact from US setback
4 months ago

Adani may see wider impact from US setback

Live Mint  

Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode. Concluding more than two years of investigation, the US Department of Justice …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
4 months ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Déjà vu moment for Adani Group after Hindenburg allegations
4 months ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Adani Group: U.S. Department of Justice allegations baseless
4 months ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Allegations and scandals against the Adani Group: A timeline
4 months ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

Adani Group Responds To Bribery Charges, Cancels $600 Million Bond Offering
4 months ago

Adani Group Responds To Bribery Charges, Cancels $600 Million Bond Offering

ABP News  

Adani Green said on Thursday that they cancelled its $600 million bond offering following accusations by US prosecutors that Gautam Adani and other executives orchestrated a $250 million bribery scheme. Responding to the accusations, Adani Green released a statement on Thursday, which states, "The United States Department of Justice and the United States Securities and Exchange Commission have issued a …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
4 months ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
4 months, 1 week ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
4 months, 1 week ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

Adani Group shares in free fall today. What should investors do?
4 months, 1 week ago

Adani Group shares in free fall today. What should investors do?

India Today  

Adani Enterprises Ltd experienced a dramatic share price collapse on Thursday, with stocks plunging as much as 23% to a day-low of Rs 2,171.60. The steep decline comes in the wake of bribery allegations against Group Chair Gautam Adani, creating market turbulence and raising critical questions for investors. Global ratings agency Moody's said the development is "credit negative" for Adani …

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore
4 months, 1 week ago

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore

India Today  

Shares of Adani Group saw a massive fall on Thursday, with several stocks hitting their daily lower circuit limits. Investors in Adani Group’s 10 listed companies lost over Rs 2.60 lakh crore in market value during early trade. WORST MARKET DAY SINCE HINDENBURG REPORT The allegations caused panic selling across Adani Group stocks, marking their worst trading day since the …

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News
6 months, 2 weeks ago

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News
6 months, 2 weeks ago

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg
6 months, 2 weeks ago

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg

Op India  

On Thursday, US-based short seller Hindenburg Research claimed that Swiss authorities had frozen more than USD 310 million in funds across several Swiss bank accounts over money laundering allegations against Adani Group. Taking to X, Hindenberg Research claimed: “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and …

Adani Group shares drop after Hindenburg's fresh allegations
6 months, 2 weeks ago

Adani Group shares drop after Hindenburg's fresh allegations

India Today  

The stock market has its ups and downs, and this time, it’s the Adani Group under the spotlight again. Adani Group shares fell by up to 2% in early trading on Friday after Hindenburg Research claimed that Swiss authorities had frozen over $310 million across several Swiss bank accounts. The short-seller claimed that an investigation dating back to 2021 has …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
7 months, 2 weeks ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Adani Group rocked by Hindenburg allegations against SEBI
7 months, 2 weeks ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

360 One Wam refutes claims made by Hindenburg in fresh attack on Adani group
7 months, 2 weeks ago

360 One Wam refutes claims made by Hindenburg in fresh attack on Adani group

Op India  

In a stock exchange filing on Sunday, 360 One Wam Limited, formerly known as IIFL Wealth Management Limited, said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group — either directly or indirectly. “Throughout the fund’s tenure, IPE-Plus Fund 1 made zero investments in any shares of the Adani Group either directly or indirectly …

Adani Group rejects Hindenburg's fresh allegations, says it is using manipulative information for profiteering
7 months, 2 weeks ago

Adani Group rejects Hindenburg's fresh allegations, says it is using manipulative information for profiteering

Op India  

The latest allegations by Hindenburg Research are malicious, mischievous, and manipulative selections of publicly available information to arrive at pre-determined conclusions for “personal profiteering with wanton disregard for facts and the law”, an Adani Group spokesperson said on Sunday hours after the US-based short seller shot off fresh allegations against the conglomerate. “We completely reject these allegations against the Adani …

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’
7 months, 2 weeks ago

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’

Hindustan Times  

The Adani Group on Sunday slammed American short-seller Hindenburg for claiming that the conglomerate had financial links with Sebi chairperson Madhabi Buch and her husband, saying the allegations were malicious, mischievous and manipulative. "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity …

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’
7 months, 2 weeks ago

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’

Hindustan Times  

The Adani Group on Sunday slammed American short-seller Hindenburg for claiming that the conglomerate had financial links with Sebi chairperson Madhabi Buch and her husband, saying the allegations were malicious, mischievous and manipulative. "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity …

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?
7 months, 2 weeks ago

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?

Hindustan Times  

Hindenburg Research on Saturday released a report that alleged the Securities and Exchange Board of India did not act on claims it made in its 2023 report against the Adani Group because the market regulator's chief, Madhabi Puri Buch, had investments in offshore firms linked to the conglomerate. Hindenburg Research in a new report released on Saturday alleged that SEBI …

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report
7 months, 2 weeks ago

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report

ABP News  

Securities Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch denied allegations levelled by US short-seller Hindenburg Research, of having stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. "In the context of allegations made in the Hindenburg Report dated August 10, 2024, against us, we would like to state that we …

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe
7 months, 2 weeks ago

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe

Hindustan Times  

The Congress on Saturday reacted to the new report by Hindenburg Research, which alleged Securities and Exchange Board of India chief Madhabi Buch and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. In a statement, Congress general secretary Jairam Ramesh said that SEBI's “strange reluctance” to investigate the “Adani MegaScam” has been noted …

Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate
7 months, 2 weeks ago

Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate

ABP News  

US-based short-seller Hindenburg Research, in a new report released on Saturday, alleged that the current Chairperson of the Securities and Exchange Board of India, Madhabi Buch, and her husband Dhaval Buch had stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. NEW FROM US: Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used …

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report
7 months, 2 weeks ago

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report

Hindustan Times  

US-based investment research firm “Hindenburg Research” on Saturday shared a cryptic post hinting at another major India-focused report. In an X post on Friday, the firm worte, “Something big soon India.” In 2023, following the allegations against the Adani Group, shares of various Adani companies plummeted, with reported losses exceeding USD 100 billion. These accusations, detailed in the report by …

‘Hit job on Adani was Chinese vengeance’: BJP leader's claim over Hindenburg row
8 months, 1 week ago

‘Hit job on Adani was Chinese vengeance’: BJP leader's claim over Hindenburg row

Hindustan Times  

Senior lawyer and Bharatiya Janata Party leader Mahesh Jethmalani has alleged that the Hindenburg Research report against billionaire Gautam Adani's conglomerate was a “hit job” by China, seeking “vengeance” for losing out on contracts for developmental projects. “Now that there's an established Chinese hand behind the Hindenburg hatchet job on the Adani group it behoves the GOI to probe the …

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