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Hindenburg News: The Hindenburg Report controversy on the Adani Group is not subsiding. Adani Group and America’s short selling firm Hindenburg have come face to face. Adani Group has adopted legal trick and hired America’s big law firm Wachtell. On the other hand, news is going on in social media on Hindenburg that it has been banned. The founder of the Hindenburg Research firm has dismissed the rumors going on against the company.
Nathan Anderson, the founder of Hindenburg Research, has said that his company was never banned nor was his bank account frozen. Also, no investigation is going on against the company. Sharing a report on Twitter, Anderson said that any such rumor has been dismissed.
rumor spread on social media
According to a PTI report, for a few days on social media it was being said about Hindenburg that the company has been banned by FINRA. And his bank account has been frozen. It was also being claimed that Hindenburg could not prepare a report on a company listed on the New York Stock Exchange (NYSE). Anderson has said this completely wrong.
What was the report on Adani Group
Adani Group was accused of fraud in a report by Hindenburg Research. After this, there has been a rapid decline in its shares. The market cap of the group has decreased by more than $ 100 billion. This report was issued on January 24, 2023 in 100 pages.
Report was also issued on these companies
Hindenburg was founded by Anderson in 2017. Hindenburg has previously published reports against Lordstown Motors Corporation (US), Kandi (China), Nikola Motor Company (US), Clover Health (US) and Technoglas (Colombia). Apart from this, Hindenburg had issued a report on Welltower Inc before Adani Group.
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