Ever since Hindenburg Research has put forward its report against Adani Group, everyone seemed to be wondering whether the claims in the reports are true with the firm under investigation in the US
Now these arguments are in its third week and critics seemed to be lashing out at the US based short seller.
For those who are unversed, let us tell you, as per a report by the Mint, several allegations against the company’s ‘fradulent’ activities have now emerged on social media platforms with a hashtag “HindenburgExposed,” as many have shared the fact that the US company is under investigation by the US Department of Justice.
Hindenburg Research is under investigation in the US by the DoJ for illegal trading tactics and gains to benefit if Adani shares keep falling
Several number of posts on social media platform Twitter have indicated that the founder of the brand, Nathan Anderson, begin a shrewd upstart socializing in “identifying and profiting from corporate disasters.”
3 facts that are hidden abt Hindenburg
– It’s facing 3 criminal investigations in US states
– Their bank accounts were seized for a long time due to their fraud practices
– They are banned from publishing any report about companies in NY stock exchange.#AdaniEnterprises
— Pradeep Bhandari(प्रदीप भंडारी)🇮🇳 (@pradip103) February 4, 2023
This video will satisfy all dogs (intellectuals) barking at Adani: https://t.co/VYYrxT0CxY
Please comment #HindenburgExposed #HindenburgScam #HindenburgFraud#IStandwithAdani pic.twitter.com/QxZLpChNvc
— String (@StringReveals) February 4, 2023
Adani refused to be another #MNC that crumbled under crisis & opted for mass #layoffs. Haters remain blind to this feat. #HindenburgExposed #HindenburgFraud pic.twitter.com/U21EmiO1mJ
— Sneha (@TheRealSnehaa) February 4, 2023
Hindenburg's aim was to make money by short-selling. Markets are sensitive & if any such thing happens, investors back out: Mukul Rohatgi
"Ideally an investigation must happen in US as well as it was an attack on the Indian economy & investors," he adds. pic.twitter.com/aGvaYxcTV3
— TIMES NOW (@TimesNow) February 4, 2023
But the arguments between the social media users revealed many facts as they started using another hashtag “Hindenburg exposed,” that noted the company was known as a “Ponzi Hunter.”
It’s a tag that reportedly has been used by several Western media organizations. The social media posts and videos even revealed a gun-fight and 4-hour standoff with FBI agents at Las Vegas by Attorney Matthew Beasley.
Now coming back to the question in hand which is making everyone curious whether Hindenburg really under investigation, let us tell you, as per the report by the Mint, the US short seller is amongst several prominent firms that are being investigated by DoJ since 2021 for potentially illegal trading tactics.
The probe seeks to establish that is short sellers uses illegal trading tactics to drive down stock prices after sharing damaging research reports about one ahead of the time.
As per the several media reports, as the investigation against the brand continued, the Federal prosecutors have seized a number of hardware, trading records and private communications.
If you’re curious how does these things benefits Hindenburg, let us tell you, the current situation can help the brand make more money.
As the brand had noted that they had take a “short position,’ in the Adani Group companies through bonds that trade in the US and investments which trade outside India.
They can make money if an investment’s price falls. Let us simplify it for you, if the price of a stock or bond of a company falls because of the negative report made by the brand, they stands to profit.
6. In 2019, Yangtze River Port and Logistics Limited filed a defamation lawsuit against Hindenburg Research its owner Nathan Anderson, and his brokerage firms ClaritySpring Securities LLC and ClaritySpring Inc. pic.twitter.com/sIFtr1YXg6
— Vijay Patel🇮🇳 (@vijaygajera) February 4, 2023
Timing of the Hindenburg report on the eve of #AdaniGroup FPO may indicate a motive to scare investors, but the report itself will not impact the share sale because banks and investment firms with actual Financial Advisors have faith in #GautamAdani. #Hindenburgexposed https://t.co/YSbJM4B0oS pic.twitter.com/2zU8nTzTqI
— ASHISHA SINGH RAJPUT (@AshishaRajput19) January 28, 2023
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