New Delhi [India], January 16 (ANI): After, Hindenburg founder disbanded short-seller, Congress MP Jairam Ramesh said “This does not mean that ‘Modani’ has received a clean chit.”
On Hindenburg Research disbanding, Ramesh told ANI, “This is a research institution and its owner has announced that he is shutting it down, this doesn’t mean that ‘Modani’ has received a clean chit…we asked 100 questions related to this… but only 21 questions are based on Hindenburg research, rest of the 80 questions regarding Adani, were based on the policies of the Modi govt…Adani is being given all the airport, security contacts…”
The founder of the US-based short seller Hindenburg Research, Nate Anderson, announced on Thursday that he has decided to close down the operations of his investigative firm.
Anderson shared this decision through an official statement. He revealed that the decision to disband was not due to any external threats, personal health, or major issues. Instead, it was motivated by a desire to step back from the intensity of his work and focus on other aspects of life.
In January 2023, Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the company’s stock price. The group at the time had rubbished these claims. The Adani group has repeatedly denied all the accusations in the Hindenburg Research report.
In June this year, while addressing the Annual General Meeting (AGM) of Adani Enterprises, Group Chairman Gautam Adani said they were “faced with baseless accusations made by a foreign short seller, that questioned our decades of hard work.”
“In the face of an unprecedented attack on our integrity and reputation, we fought back and proved that no challenge could weaken the foundations on which your Group has been established,” he told the gathering.
Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Thursday alleged that Hindenburg Research’s disbanding signals deeper implications, suggesting possible scrutiny by US authorities or fear of investigation for its role in targeting Adani Group shares.
Accusing the research firm of being part of an “attempt to shake India’s economy,” Jethmalani linked the development to the “democratic deep-state” led by George Soros, terming it an act of “economic terrorism” aimed at destabilising India. (ANI)
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