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
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
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'
