Adani Group shocked by the closure of Hindenburg Research.. Founder Nathan Anderson announced
Hindenburg Research, the American short-selling and investment research firm that collapsed the Adani Group, has closed its business. Company founder Nathan Anderson announced on Wednesday that he has decided to close the company. The founder of Hindenburg has posted an emotional account of his journey, struggles and triumphs on X. Anderson said in the note that he plans to shut it down after completing the ideas he’s working on.
we moved empires
Since its founding in 2017, Hindenburg Research has built a reputation for exposing fraud, corruption and abuse. Anderson said of the company’s accomplishments. ‘We shook some empires, we felt the need to shake them. Adani Group is one of them. My family, friends and a dedicated team of 11 people turned the Hindenburg into a center of economic inquiry. He appreciated it.
Adani Group Target
40-year-old Anderson was accused of targeting Gautam Adani’s Adani Group in January 2023. The result was that Adani suffered huge losses within a few days. Stocks fell. Anderson founded Dorsey’s Black Inc. And has also published reports on Icahn’s Icahn Enterprises. Gautam Adani had then said that the Hindenburg Research report against the Adani Group was aimed not only at destabilizing the group but also at discrediting India politically.
allegation of fraud
Hindenburg accused Adani Group of artificially inflating shares and manipulating the stock market. Adani Group suffered huge loss due to this. The market value fell into crores. Although Adani denied the Hindenburg report… the losses did not stop for several days. But Hindenburg made allegations several times later also. But nobody really cared. Hindenburg profited from short selling, which led to financial investigations and charges against several companies around the world.
by personal decision
Anderson said he started the company without any financial background. At that time there were neither financial resources nor connections with the industry. ‘I don’t have a traditional financial background. I don’t have any relatives in this area. I have studied in government school. I am not a smart sales person. Nathan Anderson said.
Anderson explained that the decision to close the Hindenburg was a very personal one. No problem, no danger, no problem… He said that the organization is being closed due to personal decision.
