The ghost of Hindenburg has returned once again. American short seller firm Hindenburg Research has presented a new report, after which a series of allegations and counter-allegations has started. While Adani Group has termed Hindenburg’s allegations as false and baseless and said that Hindenburg’s allegations have been made as part of a conspiracy to make profits. At the same time, different experts have also started giving their opinion on this report. Some say that the American research firm has made allegations to make profits, while some say that the allegations made by Hindenburg are baseless. They are just an attempt to throw mud. Let us tell you what is the opinion of experts on the Hindenburg report…
try to sling mud
According to media reports, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company, reacting to the new report of Hindenburg Research in a WhatsApp group, said – In the olden times, when sages and saints used to perform yagya, demons used to come forward to defile the yagya. Hindenburg is a perfect example of that. Mud is being thrown only in the hope that the other person will get dirty. Thankfully, now there is social media. Now such narratives are caught immediately.
SEBI rejected the claims
In the latest case, Hindenburg has accused market regulator SEBI Chairperson Madhabi Puri Buch and her husband Dhawal Buch of having financial relations with the Adani Group. However, both husband and wife have issued a statement rejecting Hindenburg’s allegations. Adani Group has also sent its response to the stock markets saying that it has no commercial relationship with the SEBI chief.
The Hindenburg Report is a hit job
Meanwhile, India’s former economic advisor (2018-21) KV Subramaniam has also given his opinion on the Hindenburg case. He has told on social media that Hindenburg’s report is actually a hit job. He said in his post that I have personally known SEBI Chairperson Madhabi for almost two decades. Given her well-known honesty and intellectual ability, I am sure that she will scatter this attack (hit job) of Hindenburg.
He has also shared a thread of a handle named Office of Bhagwan Uvach. The former economic advisor says- The user’s thread explains very well how the new report of Hindenburg Research lacks intellectual content and the entire report is just a hit job. KV Subramaniam has also rejected the attack made by Hindenburg on the Adani Group a year and a half ago. At that time too, he had described Hindenburg’s efforts as a hit job.
Adani is the excuse, Indian economy is the real target
Similarly, Voice of Banking founder Ashwani Rana also said in a statement that Hindenburg is targeting the Indian economy and repeatedly creating sensationalism to destroy it. Adani Group is just an excuse, Hindenburg’s real target is the Indian economy, the Indian stock market.
What is the matter?
Hindenburg Research shared the report on its website yesterday i.e. Saturday. Hindenburg Research had alleged that documents received from the whistleblower show that SEBI Chairman Madhabi Puri Buch had a stake in the offshore entities used in the Adani money siphoning scandal. Hindenburg said in its report that the current SEBI chairman and her husband Dhawal Buch had a stake in the same obscure offshore Bermuda and Mauritius funds used by Gautam Adani’s brother Vinod Adani.
Adani Group suffered losses after the report last year
In January last year, a report by Hindenburg accused Adani Group of fraud. After this report, Adani Group’s shares fell drastically. Adani suffered a loss of more than $150 billion. Let us tell you that recently SEBI had issued a show cause notice to Hindenburg.
