Hindenburg Research: Hindenburg Research has finally attacked India once again on Saturday night. But this time their target is not any business group but Madhabi Puri Buch, Chairperson of India’s stock market regulator SEBI, and her husband Dhawal Buch. Hindenburg alleges that Dhawal Buch is a shareholder in the companies through which Adani Group was manipulating money. Hindenburg Research founder Nathan Anderson announced this attack through a tweet on Saturday morning. It is his brilliant mind that is responsible for preparing Hindenburg’s reports.
Expertise in exposing corporate fraud
Hindenburg Research claims to be a New York-based forensic financial research firm. The company claims to have expertise in exposing corporate fraud and companies using unfair business practices. Nathan Anderson founded the company in 2017. It came into the limelight by giving detailed reports about the stocks of publicly traded companies. Hindenburg keeps exposing accounting irregularities in companies, bad people in management, illegal transactions and business.
The company’s name was taken from the Hindenburg tragedy
This company was named after the Hindenburg Disaster of 1937. Nathan Anderson believed that his mission was to save investors from financial tragedy so that small investors do not get harmed by the wrong practices of companies. In India, apart from Adani Group, apart from targeting SEBI Chairperson Madhabi Puri Buch, Nathan Anderson also attacked EV startup Nikola Corporation in September 2020. After this, the shares of Nikola Corporation fell sharply and it had to face many investigations.
NEW FROM US:
Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandalhttps://t.co/3ULOLxxhkU
— Hindenburg Research (@HindenburgRes) August 10, 2024
Several companies took legal action against Nathan Anderson and Hindenburg
Nathan Anderson’s work is praised and criticized. While investors keep praising him, many corporates accuse him of earning money through short selling. He has also been accused of market manipulation. Many companies have also taken legal action against Nathan Anderson and Hindenburg. However, despite these allegations, Hindenburg Research’s report has helped in initiating many types of investigations.
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Hindenburg: Hindenburg Research made serious allegations against SEBI Chairperson, said- has connection with Adani scam, has stake in this company
