Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility
Adani group, an Evil corp?
- Thread starter Pyception
- Start date
TinTinSnowy
Level G
Hoping for an inquiry into Adani with a one-sided majority of BJP and NDA gone.
We would have to wait for a long time for this to come to fruition, maybe next decade.
Mr.J
Level H
And even if that happens, he will more likely go the way of Mallya, Choksi, and Modi (the other one) than end up like Raju or Roy.
nothing will happen to him lmao, all parties are in league with these conglomerates, just look at Mallya or Nirav Modi, these ****ers will just enjoy life,
Hindenburg alleges Sebi pressured brokers to close short positions in Adani stocks
These developments came shortly after the Indian market regulator issued a show cause notice to Hindenburg, alleging various violations and misconduct.
These developments came shortly after the Indian market regulator issued a show cause notice to Hindenburg, alleging various violations and misconduct.
Emperor
Level H
Earlier, Hindenburg said that Kotak Mahindra Bank and brokerage firms founded by Uday Kotak, created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks.
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg
economictimes.indiatimes.com
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg
US-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right...
alekhkhanna
Level H
The issue was dead till SEBI woke up and started issuing non sense statements.
At least in the US, their reports do have consequences. Look at their stuff published in 2020-2021, and how those companies are facing criminal charges now. Here SEBI is throwing show cause notice to an entity not in India. I mean how ****ing retarded are they? Cohoots with a corrupt company in bed with a corrupt government.
Blaming a short seller for doing their business isn't very fair, unless one has communist views.
Companies exist for that exact reason and short selling may seem immoral but it has a utility in keeping markets away from irrational exuberance.
On the other hand, I have sympathies with SEBI. It appears likely that their chairman would struggle to hold their position unless they toe the expected line.
alekhkhanna
Level H
Yup. Good short sellers are insanely intelligent tbh. They need to go to extreme lengths to develop a conviction and find proof about dubious but well protected secrets in a company. Every Tom dick harry stock is doing 2x-5x in a bull run, short sellers who publish such info need nerves of steel.
I remember the short seller who went against the flow when random Chinese companies were getting listed on NYSE - level of investigative journalism was insane.
animishticomb
Level E
Why is Hindenburg so interested in all these Indian companies all of a sudden?
Are they a public welfare company doing all this from the goodness of their heart?
Has any legal authority in India hired them to do so? Or did they or one of their clients lost big amount of money which prompted this investigation?
Are they a public welfare company doing all this from the goodness of their heart?
Has any legal authority in India hired them to do so? Or did they or one of their clients lost big amount of money which prompted this investigation?
It is part of their job. "All of a sudden" is explained in their report.
They do it for profit, but public also gets benefitted when they do it. Any country that is allowing short selling, by deduction, can be assumed to believe that short sellers do a service to the market. Otherwise the country would never have allowed short selling, or would have banned it long ago.
Answered in their report.
alekhkhanna
Level H
Is India not part of the world? Is Hidenburg only targeting Indian companies?
They are short sellers. They do investigative journalism. They find deficiencies in companies which ideally the SEBI or FEDS or other market regulators would have found it. They publish in depth report of fraudulent activities by companies. They short those stocks. They make money. And it all takes balls of steel. And they do it worldwide. They don't care for India or US or EU or Africa. You would know this if you would have spent 10 mins reading their multiple reports.
animishticomb
Level E
Sounds like you have one-sided views on Hidenburg...dont know why...but you see them as the knight in shining armor...
Pyception
Level D
animishticomb
Level E
Touché holds true for Hidenburg too then
alekhkhanna
Level H
Hidenburg has released over 35 reports in the last 5/6 years. They are the ones who exposed Nikola, Clover Health, Icahn, SDC, Lords town and others. They literally had 1 - ONE - short position for an Indian entity, an entity who grew from being a no name to a stock market behemoth in the last 10 years out of nowhere, and every Indian loses their goddamn mind.
I've said this before - shorting is not easy. Bill Ackman lost over 700 million USD shorting Herbalife. Hedge funds lost billions in GME short squeeze. When entities like Hidenburg do the level of investigative journalism they do and short some of the biggest stocks in the planet, stand up and listen.
Just going by the number of reports btw, US should have had Hidenburg owners behind bars by now if they had the same mentality as India. Just see the update on HF Foods, for which they published a report couple of years ago. Board members are now getting charged with criminal suits etc. Many similar outcomes to a lot of their previous reports. Look up their amazing amazing work on Axos, which they have taken a short position in most recently. All of this is just US btw.
Heck, there are literal short sellers ONLY focused on China - Muddy Waters, J Capital etc - only focusing either on Chinese market or Chinese stocks listed in US market, investigating and shorting them.
Read the Adani reports again. The level of stock market manipulation and the level of preferential treatment by the govt is quite insane. From hundreds of shell companies to pump up numbers, to providing gutter quality stuff labelled as peak quality item for power sector etc, it's an evil company. Whether you believe it or not, doesn't change the truth.
This also reminds me of the knee jerk reaction taken by SEBI, similar to BaFin during Wirecard fraud case. They were investigated and shorted almost at the same time by Muddy Waters, Safkhet and few others. Remember Wirecard was possibly the top 1 or 2 companies on German stock exchange at that time, so this was HUGE. BaFin, in a knee jerk reaction, banned all short selling. Like a ****ing idiot! And then truth came to light, WC had over 2 billion euros missing from their books, had to file bankruptcy etc.
SEBI is busy pleasuring the govt. Upendra Sinha, SEBI director during 2014 Adani allegations, is now a director at NDTV. How is it even allowed is funny! Clear conflict of interest, and a lot of SEBI folks will eventually go to work for top corps, and hence you see inaction or superfluous remarks from people who are supposed to regulate the market. This is just a way to attain position of power and money - nobody wants to go against the master.
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