News Formal

Short seller Hindenburg banked just $4M from $150B market rout after accusing India giant of fraud

  • 📰 nypost
  • ⏱ Reading Time:
  • 37 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 67%

Business ニュース

Finance,Gautam Adani,India

India’s SEBI said the short-selling firm had used “selective disclosures, reckless statements, and catchy headlines” to “cause panic in Adani Group stocks”

Short seller Hindenburg Research admitted it made a measly $4 million after making blockbuster allegations against a major Indian conglomerate that wiped $150 billion of value from the company belonging to one of the world’s richest men.

Hindenburg, founded in 2017 by Nathan Anderson, had accused the Adani Group, headed by Gautam Adani, of operating “the largest con in corporate history” in the January 2023 report.SEBI argued that Hindenburg “has resorted to extrapolation and conjecture to emphasize some facts and understate others in favor of negative inference against Adani Group Companies.

Gautam Adani’s estimated net worth was around $122 billion before the Hindenburg report came out. He ended 2023 in the No. 15 spot on Bloomberg’s Billionaires IndexHindenburg, named after the German airship disaster that blew up in 1937 over New Jersey, researches accounting irregularities, mismanagement, and undisclosed related-party transactions.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 91. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Short North business manager, pastor walking the Short North this weekend to deter crimeA Short North business manager and Columbus pastor are planning to have a presence in the Short North overnight this weekend to make it clear crime is not welco
ソース: wsyx6 - 🏆 444. / 53 続きを読む »