'Hindenberg' brought wealth and fame to Anderson…then why did the company close down? Surprising reason revealed

Obnews Desk: Nate Anderson, founder of Hindenburg Research, announced the closure of the firm. With this announcement, the era of investigation which exposed the hidden secrets and irregularities of the corporate world has ended. Hindenburg attracted industry attention with his short-selling activities and reports. This caused losses of billions of dollars to the Adani Group led by Indian billionaire Gautam Adani. Everything was going well, so the question is why did Anderson decide to shut down the Hindenburg?

Regarding the decision to close the firm, Anderson said that the decision to close Hindenburg was a very personal decision. Through his note he clarified, “There is no one specific thing. There is no significant risk, no health problems and no major personal problems.

Why did Nate Anderson take this big decision?

Anderson has cited a desire for relief and a need to move on to new chapters. He told, “Initially I felt that I needed to prove some things to myself. Now I finally feel somewhat at peace with myself, perhaps for the first time in my life.

When Adani was targeted for the first time

US-based short seller Hindenburg Research released its original report against Adani Group on January 24, 2023. It was titled 'Adani Group: How the world's third richest man is running the biggest scam in corporate history.' The report alleges that the group has been engaged in stock manipulation and fraud for decades.

According to the report, Hindenburg also accused Adani family members of creating offshore shell companies in tax havens like Mauritius, UAE and Caribbean islands, using forged import-export documents to show fake revenues and laundering money from their listed public companies. Was accused. However, Adani Group denied all the allegations.

Adani comes under company's target again

Hindenburg's second round of allegations came on August 10, 2024, against SEBI chairperson Madhabi Puri Buch. The report claimed that Butch had a conflict of interest. It claimed the markets regulator was “reluctant” to act on the January 2023 Adani report due to alleged investments by Sebi chairperson Madhabi Puri Buch and her husband Dhaval Buch.

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Hindenburg alleged that Madhabi Puri Buch and Dhaval Buch had invested in IPE Plus Fund 1, a fund registered in Mauritius, and Global Dynamic Opportunities Fund, a fund based in Bermuda. A company controlled by Gautam Adani's elder brother Vinod Adani had invested in Global Dynamic Opportunities Fund, which later invested in IPE Plus Fund 1, whose founder and chief investment officer Anil Ahuja served as a director of Adani Enterprises. Was. Madhabi Puri Buch and Dhaval Buch denied all the allegations made by the US-based short seller.

Made this shocking claim a few months ago

On September 12, Hindenburg Research alleged in a social media post that Swiss authorities had frozen more than $310 million in multiple Swiss bank accounts linked to money laundering and securities investigations of the Adani Group. In his post, Hindenburg quoted Swiss media outlet Gotham City as claiming that an order from the Federal Criminal Court (FCC) revealed that the Geneva Public Prosecutor's Office was investigating the alleged wrongdoings of the Adani Group.