In a startling development, Hindenburg Research has been accused by India’s securities regulator, SEBI, of colluding with a US asset manager to manipulate markets through insider information while shorting Adani Group stocks. The allegations, outlined in a "show cause" notice, claim Hindenburg provided a draft of its damning report on Adani to the asset manager before its public release, allowing them to profit from short positions. Hindenburg vehemently denies these accusations, dismissing them as baseless and claiming SEBI is neglecting its duty to protect investors. The scandal has rocked financial circles, raising questions about transparency and legality in global markets.
As reported by Al Jazeera, Hindenburg Research has disputed charges by India's securities regulator that it collaborated with a US asset manager to build up a short bet against Adani Group last year, which, if proven, would violate the country's regulations.
Hindenburg uploaded a copy of a 46-page "sh...
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