The Lokpal said that the complaints, including the one by TMC MP Mahua Moitra, filed last year were essentially founded on the report “by a known short seller trader whose focus was to expose or corner Adani Group of Companies”
In January 2023, Hindenburg published a scathing report describing the Adani Group as “the largest con in corporate history”. The fallout was swift: stock prices plummeted, wiping out over $150 billion in market value, and the group’s biggest public offering was abruptly scrapped
The tenure of India’s first woman Sebi chief saw heightened controversy, when she battled a series of allegations by Hindenburg and the Congress, while simultaneously dealing with in-house employee protests against ‘toxic work culture’
Activist-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat
Buch’s tenure saw heightened controversy last year when employees of Sebi protested against ‘toxic work culture’, besides a series of allegations by short-seller Hindenburg and Congress
Short-seller Nate Anderson had gained popularity in January 2023 when he published a research report on Indian billionaire Gautam Adani accusing him of ‘pulling the largest con in corporate history'
Mahesh Jethmalani says that a businessman with Chinese links commissioned the report by the short-seller which led to shares of Adani Group companies taking a hit
According to information found on the official website of the Supreme Court, a panel led by Chief Justice D.Y. Chandrachud is scheduled to potentially address the petitions in a hearing set for September 15.
In its recent submission, the Securities and Exchange Board of India (SEBI) stated that it has thoroughly investigated and analyzed 24 aspects related to the case.
