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Hindenburg came forward! Adani had to be exposed to an international conspiracy, what exactly happened?

By Kousik

Published on:

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Now a very sensational update has come forward. According to information received in this context, American short-seller Hindenburg Research (Hindenburg Research) shared a copy of the negative report against Adani Group with its client about 2 months before its publication. Originally, the report was shared with New York hedge fund manager Mark Kingdon. It is also known that those who have taken advantage of the fluctuations in the shares of Adani Group companies. Market regulator SEBI has made this claim. Besides, SEBI elaborated in this regard in its 46-page “Show Cause Notice” sent to Hindenburg.

Sensational information has come out regarding Adani Group:

SEBI revealed how American short-seller Hindenburg profited from a fall in share prices of 10 listed companies of the Adani Group. Meanwhile, the Adani Group companies saw a steep fall of $150 billion after the report was released. In this case, Hindenburg reportedly shared a copy of the report with brokers associated with New York hedge funds and Kotak Mahindra Bank.PauseUnmute

Hindenburg’s response to SEBI’s notice: Meanwhile, Hindenburg has responded to SEBI’s show cause notice. Where Hindenburg said it was an attempt to “silence and intimidate whistleblowers of corruption and fraud perpetrated by the most powerful men in India”. They also brought forward the issue of Adani’s flagship company Adani Enterprises (Adani Group) Limited. It is learned that the company was betting against Kotak Mahindra (International) Limited (KMIL), the Mauritius subsidiary of Kotak Mahindra Bank. KMIL’s fund placed a bet with Adani Enterprises Ltd for its client Kingdon Capital Management.

SEBI, meanwhile, in its notice cited a “chat” between an employee of a hedge fund and traders at KMIL to sell Adani Group futures contracts. Kotak Mahindra Bank said Kingdon never disclosed that he had any relationship with Hindenburg. Nor did they act on any price-sensitive information.

What SEBI told the Supreme Court: In this context, SEBI had last year told the Supreme Court-appointed committee that it was investigating 13 external “obscure” firms. While Adani Group has a share of 14 percent to 20 percent in five publicly traded shares. SEBI has issued notices not only to Hindenburg, but also to KMIL, Kingdon and Hindenburg founder Nathan Anderson.

In this context, senior advocate Mahesh Jethmalani, appearing on behalf of the Adani Group, claimed in a post through “X” that Kingdon has links with China. Besides, Kingdon is also known to be married to “Chinese spy” Annala Cheng. Jethmalani alleged that Chinese spy Cheng, along with her husband Mark Kingdon, recruited Hindenburg to prepare a report on Adani. They hired Kotak on a trading account for short selling Adani shares and earned millions of dollars through it. As a result, the valuation of shares of Adani Group companies has decreased drastically.

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