Hindenburg, which dealt Adani a $140bn m-cap blow, to disband

The American hedge fund Hindenburg Research has been the first culprit to knock off approximately 140 billion dollars from Adani Group's market valuation. This made the Indian government and the market regulator SEBI sit in a position of very cautious clients consequentially and raised the Indian investor community into the ranks of those who cannot decide either to favour or to oppose the report, is winding down.

Characterizing the companies of Adani the "biggest swindle in corporate history", Hindenburg was of the opinion that not all was right in the world of the capitalists and the eventual corporate corruption, in particular, was lied about including arbitrary stock price manipulation, cooking books, and corporate fraud investigation that were not mentioned. It was also reported that Anderson had a plan of making the article and the videos that they had opened up both for people to see how the team's business went in their task to investigate corporate frauds, corruption, and malfeasance of the companies located all over the world.

Since the start in 2017, "we have secured over 100 subpoena actions against defendants who have been sanctioned by the regulators, including some outstanding billionaires and oligarchs. We for sure raised some eyebrows and those were the big ones" Anderson stated. The very same Hindenburg had last time disclosed a 110 page report that charged the Adani Group with any kind of corporate responsibility violations. Following the release of the report, in the next five weeks, the group's market valuation dropped for almost $140 billion.

In the result of it, the net worth of Gautam Adani, the chairman of the group, had decreased so that he was no longer one of the top 20 wealthiest people in the world. The group had denied all the allegations. Additionally, Hindenburg had also filed charges against Sebi chief Madhabi Puri Buch and her husband Dhaval, claiming that the couple had invested in the same offshore funds that the Adani Group had utilized to alter their stock prices. However, these accusations had been denied by the couple.

Nate Anderson, the company founder of Hindenburg Research, disclosed the decision on Wednesday night where he explained that he felt that "Hindenburg Research was a chapter" in his life and not the main concept of it. In November 2024, Adani and a number of his allies were charged by two US government departments.

The US Department of Justice along with the Securities and Exchange Commission indicted that Adani Group officers and partners have been guilty of wire fraud and invented stories to the investors when everything else was happening.