Hindenburg Research is the name of this American financial company feared by all large companies. Their latest victim, the Indian giant Adani, lost 68 billion dollars last January in the space of three days. Today was Adani’s first board meeting after this case, an opportunity to counterattack.
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Hindenburg Research is first and foremost a method. Investigate for months on acts of corruption committed by another company, while buying and then reselling shares of this same company at the right time. The right time is obvious, just before making public an investigation report for corruption.
The shares of the accused company then crumble like a house of cards.
It’s totally legal and that’s what happened on January 24 to the Indian company Adani, which specializes in energy. The company is owned by Gautam Adani. He was the second richest man in the world before his fortune halved.
This Tuesday, July 18, he wanted to reassure the directors by explaining that the conglomerate had recovered from its debts. He also accuses the Hindenburg Research fund, which initiated the corruption investigation, of wanting to damage Adani’s reputation while making a profit. Hindenburg would have earned more than a billion euros in this case.
” This report is a deliberate and malicious attempt to damage our reputation and generate profits by depressing our stock price in the short term. “, repeated the billionaire Gautam Adani, reluctant to express himself in the media.
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