In a surprising move, Hindenburg Research, the US-based short-selling firm renowned for targeting major business entities like the Adani Group, is set to shut down. Founder Nate Anderson confirmed the decision, clarifying that there were no personal or external threats driving the closure.
Hindenburg Research gained global attention, especially for its high-profile campaign against the Adani Group. Since 2023, their reports accused the Indian conglomerate of stock manipulation and accounting fraud, allegations the Adani Group strongly denied. The release of these reports contributed to massive losses for Adani, with billions wiped off the group’s value.
In January 2023, Hindenburg Research accused the Adani Group of running a “brazen stock manipulation and accounting fraud scheme.” The accusations were quickly dismissed by the company, which described the charges as baseless. By August 2024, Hindenburg fired another round of allegations, but the Adani Group dismissed them as “recycled claims.”
Despite the controversies surrounding its reports, Hindenburg Research’s work has led to significant outcomes. The firm’s actions resulted in civil and criminal charges against nearly 100 individuals, including billionaires and oligarchs, with regulators taking notice.
Anderson, in his announcement to disband Hindenburg Research, emphasized that the decision was not based on any specific threat, personal health issue, or legal problem. Instead, he cited the intense nature of the work and his desire to reconnect with other aspects of life as key reasons for the closure.
Interestingly, the announcement comes just days before Donald Trump’s inauguration and follows a recent letter by US Congressman Lance Gooden to the Department of Justice, questioning the agency’s focus on a case involving the Adani Group, which is based in India.
Despite the turmoil caused by its reports, Hindenburg Research’s influence remains undeniable. As the firm winds down, the global financial world will be watching closely to see if other players step into the void left by its departure.
এনেধৰণৰ অন্যান্য বা-বাতৰিৰ বাবে লাইক কৰক অসম লাইভ ২৪ ৰ ফেচবুক পেজ
