Post Tagged with: "Hindenburg Report"

Spare the JPC road and spoil the Adani child- Need for regulating conglomerates and monopoly control

Spare the JPC road and spoil the Adani child- Need for regulating conglomerates and monopoly control

  Two recent exposures of the Gautam Adani conglomerate, have inflicted sufficient market punishment on it. One by the Hindenburgh short seller’s accusation of “brazen stock market manipulation and accounting fraud”, triggered an huge sell-off of its shares, wiping out about $118 billion of its market valuation. While the Bangalore – based Ken report’s exposure of non-repayment of debt worth[Read More…]

by — 10/04/2023 — Comments are Disabled — India
 Adani Stock Scam An Opportunity To Curtail Hindurashtra Conspiracy 

 Adani Stock Scam An Opportunity To Curtail Hindurashtra Conspiracy 

Taking the cue from Rahul Gandhi’s charge in parliament during his fiery speech over the Adani stock scam on Feb 7, 2023, that ‘Modi Is Adani’, and seeing how it has rattled Modi and BJP, DMK MP Kalanidhi Veeraswamy is not the only one who is now openly accusing Modi of extensive corruption using the office of the PM. Other[Read More…]

by — 30/03/2023 — Comments are Disabled — India
Adani’s Economic Empire- A Go Go Growth Illusory

Adani’s Economic Empire- A Go Go Growth Illusory

                                 A three-judge bench of the Supreme Court, headed by Chief Justice of India (CJI) D. Y. Chandrachud,  on 10th February expressed concern over the acute downfall in share values of  Adani Group  and observed that  “there is a need to protect Indian investors from[Read More…]

by — 16/02/2023 — Comments are Disabled — India
Corrupt and Fraudulent: Laying bare the Adani Group

Corrupt and Fraudulent: Laying bare the Adani Group

There is nothing Gautam Adani will not do for money.  In this sense, he is admirably dedicated to greed, so much so he has become its foremost caricature worthy of permanent enthronement.  Mark this man’s name in the scriptures of eternity: There was nothing he did not do for the filthy lucre. For the unfamiliar reader, the $218 billion Adani[Read More…]

by — 10/02/2023 — Comments are Disabled — World
Has SEBI investigated overseas companies reported to be related to the Adani Group?

Has SEBI investigated overseas companies reported to be related to the Adani Group?

To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, You must have received my letter of 31st January, 2023 (https://countercurrents.org/2023/02/overseas-shell-companies-a-shadow-economy-a-threat-t-national) on the legal vacuum left unfilled over the years (“shell companies” not statutorily defined), deliberately or otherwise, by the Finance and Corporate Affairs Ministries, which has perhaps strengthened the unholy nexus that exists between domestic corporate entities and their overseas shell[Read More…]

by — 03/02/2023 — Comments are Disabled — India
Hindenburg Affair: More to It Than Meets The Eye

Hindenburg Affair: More to It Than Meets The Eye

Having gone through Hindenburg research report on Adani Group’s activities, there seems to be much more to it than that which meets the eye. While it is true that the valuations of the Group companies, which are generally reserved for hi tech companies, such as Amazon, Tesla, Google etc. are not justified in case of the companies that are engaged[Read More…]

by — 03/02/2023 — Comments are Disabled — India
Unanswered Questions

Unanswered Questions

The fog enveloping both the subjects discussed in my last article has not cleared thanks to the studied silence of the accused.If Hindenburgh Research is to be believed, Adani’s 413 page is not much of an answer as it allegedly fudges or skips over key issues.We are only spectators in the game but we are keen that things should be[Read More…]

by — 03/02/2023 — Comments are Disabled — India
Bursting Adani bubble exposes nexus between Crony Capitalists and ruling BJP

Bursting Adani bubble exposes nexus between Crony Capitalists and ruling BJP

Forbes, world’s financial news daily declared (September, 2022), Gautam Adani as the second richest in global rich list, with a fortune estimated to be  $155.5 billion on Forbe’s Real time billionaire rankings.  Then during this week credible American financial investigating firm Hindenburg Research revealed a saga of stock manipulations and accounting frauds  of Adani empire, India’s biggest crony capitalist. As[Read More…]

by — 01/02/2023 — Comments are Disabled — India
Moment of Reckoning

Moment of Reckoning

It may or may not be a coincidence,but it is surely striking that from two countries regarded as close allies of Prime Minister Modi two quite alarming missiles have exploded near him and his close friend corporate magnate Gautam Adani.The BBC documentary directly holds him responsible for letting the ghastly pogrom of 2002 happen in Gujarat during his watch as[Read More…]

by — 30/01/2023 — Comments are Disabled — India
Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility?

Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility?

While these lines are being written, Adani group had already lost around more than $50 billion (more than Rs. 4 lakh crore), equaling almost 20 percent of its market value (‘aggregate market capitalization’)  since January 24, following the release of the “credible and well-researched” report of Hindenburg Research alleging “brazen stock manipulation and accounting fraud scheme over course of decades”[Read More…]

by — 28/01/2023 — Comments are Disabled — India
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