Hindenburg Research Issues a Warning with This New Report

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Hindenburg is a well-known short-selling research company based in the USA. Previously, it issued a warning against the Adani Group, which impacted all Adani shares, though SEBI dismissed the case. Now, they have made a new statement.

What Did Hindenburg Research Say in Their Latest Tweet?

“‘Something big soon in India,’ said a post on Hindenburg Research’s X (Twitter) account.”

Hindenburg tweet

Documents from a whistleblower show that the Chairperson of SEBI (Securities and Exchange Board of India) owned shares in hidden offshore companies. These companies were involved in the Adani money scandal, where money was secretly transferred.

Background: For the past 18 months since we released our report on Adani, SEBI (Securities and Exchange Board of India) has shown surprising indifference. They haven’t seemed very interested in investigating Adani’s suspected network of hidden Mauritius and offshore companies.

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Background: The “IPE Plus Fund” is a small offshore fund based in Mauritius, created by an Adani director through India Infoline (IIFL), a wealth management company linked to the Wirecard scandal.

Vinod Adani, Gautam Adani’s brother, used this fund to invest in Indian markets. The money used was reportedly taken from overcharging on power equipment sold to the Adani Group.

What Hindenburg Said About the Chairperson of SEBI

Whistleblower documents reveal that Madhabi Buch, who is the current Chairperson of SEBI, and her husband owned shares in secret offshore funds. These funds were involved in the Adani money scandal, where money was secretly moved around.

nse chairperson hindenburg

What we didn’t know before: The current SEBI Chairperson and her husband, Dhaval Buch, secretly owned shares in the same hidden offshore funds in Bermuda and Mauritius. These are the same funds used by Vinod Adani, and they were part of a complicated network.

Which Stocks May Be Affected by This Report on MONDAY

As Hindenburg’s main research target is the Adani Group, there is a chance that Adani Group stocks, some PSU stocks, and other stocks related to Adani’s investments, as well as those involving SEBI Chairman’s husband, may be affected.

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