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Evidence that Adani Group has engaged in stock manipulation and accounting fraud

hindenburgresearch.com

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Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#151

Post by arcticfox »

stephen_g wrote: post #35

Wow. Adani is super scummy, and from research when they were starting construction on a big mine in Australia we knew they were structuring their tax affairs to not pay any tax here [1], but all this is something else. They have been suing a climate activist here for millions of dollars, and as part of it they had private investigators following him, his wife, and his children , including photographing his children w…

In one of those very odd Baader-Meinhof moments, I was reading about a different Indian mining company (Vedanta) today for the first time in my life. The controversies surrounding them look almost exactly like what you describe here with Adani.

I guess once you've spotted a scummy Indian mining company you start to see them all over?

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#152

Post by AdityaSanthosh »

SanjayMehta wrote: post #119
bhouston wrote: post #66

Earlier quoted context omitted.

According to Wikipedia Adani is in with Modi, the current Indian prime minster who likes to play favourites. Thus he could get quite a bit of protection at home. But that may not protect him from a market run...

Wikipedia is a reliable source?

Bruh, Everyone knows Adani and Modi are pals

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#153

Post by trustingtrust »

arcticfox wrote: post #150
trustingtrust wrote: post #147

Earlier quoted context omitted.

Betting against it is doing business with the company. Whether directly in the Indian market or in a market outside India. If I bet against a race happening in some other part of the world, I am in some capacity (indirectly) involved in the race. All they are doing is using analysis to predict a crash and betting against it. I dont like the idea of 'This seems fishy so let's bet against it'. If something feels fishy…

> Betting against it is doing business with the company. What do you mean? I struggle to understand how betting against a company is "doing business" with them, it seems even less like "doing business" than having no relationship at all. You are actively signaling you expect them to fail.

I think 'with' was the wrong word here. Betting against a company is being in business around the company. Meaning you still trust the business, just trust it enough to fail. You can't not trust something and at the same time bet against it. You must trust one of the two if you want to be involved with the company.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#154

Post by howinteresting »

fastball wrote: post #13
serverholic wrote: post #10

[flagged]

1. You own a company. 2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable. 3. Your company is therefore valuable, making you super wealthy. Which part of the above is unethical?

3 is actually two steps:

3a. Your company is therefore valuable. 3b. Your company being valuable makes you super wealthy.

3b is unethical.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#155

Post by vishnugupta »

kamaal wrote: post #113
suprgeek wrote: post #97

A few items that did not make it into the list: 1) Adani is very close to the current ruling party and the PM - deploying his extensive business network and assets (in various forms) to help get the PM elected (2014) and then re-elected. A bit of googling will reveal the vast scale of politico-corporate nexus between these two - extending all the way back to when they were chums in Gujarat - the Indian state of the P…

The article has lots of factual arguments going. But it misses the 1) point you mentioned. Regardless of whatever people like to believe, that guy isn't going crash and burn, go bankrupt or anything like that. It's fairly simple for the government to bail him out. They already did that to Anil Ambani. It doesn't even have to be a direct payout, there are always 'projects' you can give and pay them some 1000% extra mo…

+100. The short sellers are going to find out, to their dismay, how deeply intertwined Adani group is with the ruling party. Call it what you will, corruption/nepotism/favourtism etc., the net result is Adani group and BJP need each other and there's no way in my life time the ruling govt is going to let it fail for all the reasons you mentioned above.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#157

Post by bboygravity »

xwolfi wrote: post #30

I was scrolling down the list of claims and then reached "Introduction" lol I love short sellers, Citron did a little sting in my city, Hong Kong, trying to short Evergrande with an A to Z demonstration of how it was ponzinomics, to end up being sued by our regulator for stock manipulation and being condemned years later finally to not trade in HK for years. A little while later, Evergrande's Ponzi finally collapsed.…

Citron also claimed that a certain stock (that was shorted at more than 100 percent of outstanding shares in 2021 at the time of their claim) would be "back to 20 USD fast, we will explain soon".

They never explained and the stock never went back down to 20.

Citron is definitely part of the scamming. The fact that a scammer (Citron) scammed another scammer (Evergrande) doesn't make them good guys.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#159

Post by zharknado »

ajross wrote: post #34
fnfjfk wrote: post #8

These are the people that broke the “Nikola rolling a truck down a hill” story. https://hindenburgresearch.com/nikola/

That was quite a bit easier to digest, though. Can someone give me a more summarized version? I gave up after the ninth or tenth bullet item. Who's being defrauded and how?

Also alleged are a vast array of offshore shell companies that are secretly controlled by insiders, making undisclosed transactions to wash money, shore up balance sheets, juice revenue numbers, and generally create massive financial interdependence between entities that are presented to the public as being unrelated.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#160

Post by supa-osum »

mandeepj wrote: post #24

When you have the PM in your pocket, you can do whatever you want. Also, he might be a 3rd richest person on paper, but I call him a flight risk. Once Modi govt is kicked out, he’ll flee India, just like other scammers like Nirav Modi and Vijay Mallya.

> Once Modi govt is kicked out And do you think it's gonna happen?
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