Hindenburg Research Company, which presented the report on Adani, closed: Founder said – it had to be closed as soon as the ideas it worked on were completed
American short-selling firm Hindenburg Research is going to shut down. The company’s founder Nathan Anderson announced this late on Wednesday night. He said that the decision to close the company has been taken after a lot of discussion and thinking. However, Anderson did not give any specific reason for closing the company. Hindenburg Research was started in 2017.
Hindenburg Research’s reports had caused billions of dollars in losses to many companies including India’s Adani Group and Icahn Enterprises. In August 2024, Hindenburg claimed in its report that Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch and her husband Dhawal Buch have a stake in an offshore company linked to the Adani Group.
Year 2024: SEBI chief was accused of having stake in offshore entities linked to Adani Group In August 2024, Hindenburg claimed in its report that SEBI chief Madhabi Puri Buch had stakes in obscure offshore entities used in the money laundering scandal through the Adani Group.
Citing documents, Hindenburg had said that Buch and her husband Dhawal Buch had stakes in an offshore fund. In which Gautam Adani’s brother Vinod Adani had invested a large amount of money. Vinod is the chairman of Adani Group companies.
