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Hindenburg Research the short seller company which alleged Share fraud against Gautam Adani all set to shut down

Hindenburg Research the short seller company which alleged Share fraud

New Delhi: They responded by accusing industrialist Gautam Adani’s company of fraud and rigging. Hindenburg Research, an American stock analysis company, is on the way to stop this jump. Company founder Nate Anderson made the announcement on Wednesday. He said, even for a short time, he spent the most exciting time of his life at the Hindenburg Research Institute. (Hindenburg Research)

Nate said, “We were planning to make this decision after finishing the tasks at hand. Today is the day. I have decided to disband Hindenburg Research.” He posted this article on the organization’s website. Although Nate claimed that he did not take this decision due to threats or health issues, but the issue has started to be discussed. He said that he wants to start a new chapter in his life. (Hindenburg Research Adani Report)

Hindenburg Research Institute’s main task is to uncover the issues related to financial fraud, rigging, manipulation. The organization was established in 2017. Since then, they became a virtual terror to the whole world. However, most people in India became familiar with the organization in 2022. That year they published an explosive report on Indian industrialist Gautam Adani and his company.

The Hindenburg report claimed that the Adani group manipulated the share price of its companies. There are many other allegations of misrepresentation of accounts, preparation of documents showing higher cost of import and artificially increasing the price of shares of their company by trading in their own money.

Adani, however, denies the allegations. They claim that there is an attempt to defame India. But after that report came out, as their reputation in the international arena was destroyed, the shares started falling in the domestic market too. His closeness with Narendra Modi also started to be discussed. Even the investigation by SEBI, India’s regulatory body, has raised questions about the role of the SEBI chief. After this, the allegations of bribery of government officials to get the power project were also brought forward. The American court issued an arrest warrant against Adani. Hindenburg Research suddenly announced to stop the jump amid the tension.

Earlier, Nate said, he is not the son of a rich family. There was no huge amount of money. He did not interact with influential people. Despite that, he gathered a lot of courage and started working. Exposing the corruption of very powerful people and organizations has led them to legal troubles and even newborn babies are on the verge of being evicted. Despite that, he continued to fight. So suddenly the organization’s decision to stop jumping raises questions.

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