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- Hindenburg Research Company Shutting Down Founder Nathan Anderson Adani Group Icahn Enterprises
New Delhi6 minutes ago
The owner of the Hindenburg company is Nathan Anderson. (file photo)
American short-selling firm Hindenburg Research is about to shut down. Company founder Nathan Anderson announced this late on Wednesday night. He said that the decision to close the company has been taken after much discussion and consideration. However, Anderson did not give any specific reason for closing the company. Hindenburg Research was started in 2017.
Hindenburg Research reports had led to billions of dollars in losses for several companies, including India’s Adani Group and Icahn Enterprises. In a report issued in August 2024, Hindenburg had accused SEBI SEBI Chief Madhabi Puri Buch of holding stakes in shadowy offshore entities used in the money misappropriation scandal through the Adani Group.
Nathan Anderson wrote, ‘As I have shared with my family, friends and my team since the end of last year. I have decided to dissolve Hindenburg Research. The planning was that it would be closed as soon as the ideas we were working on were completed. And in the recent Ponzi cases that we have completed and are sharing with regulators, that day is today.
Anderson wrote- I am writing all this with pleasure. It has been my life’s dream to create this. I didn’t know at the beginning whether it would be possible to find a satisfactory way. This was not an easy option. But I was naive to the danger. Got drawn towards it like a magnet.
What does ‘Hindenberg’ company do?
The main work of Nathan Anderson’s company ‘Hindenberg’ was to do research on stock market, equity, credit and derivatives. Through this research ‘Hindenberg’ company finds out that…
- Is there any wrongful misappropriation of money taking place in the share market?
- Are big companies mismanaging their accounts for their own benefit?
- Is any company causing loss to other companies by wrongly betting on its shares in the stock market for its own benefit?
After completing the research in this way, ‘Hindenberg’ company publishes a detailed report. On many occasions, the impact of the reports of this company on the stock markets around the world has been seen.
Hindenburg disclosed on these companies from 2016 to 2024
Year 2024: SEBI Chief was accused of having stake in offshore entities linked to Adani Group. In August 2024, Hindenburg had claimed in his report to SEBI that SEBI chief Madhabi Puri Buch had stakes in shadowy offshore entities used in the money misappropriation scandal through the Adani Group.
Citing the documents, Hindenburg had said that Butch and her husband Dhaval Butch had stakes in an offshore fund. In which Gautam Adani’s brother Vinod Adani had invested a large amount of money. Vinod is the chairman of Adani Group of companies. Read the full news…
The company was named after the ‘Hindenberg’ accident.
On May 3, 1937, the Hindenburg air spaceship became a victim of an accident in America. This is a picture of that time.
On May 6, 1937, a German air spaceship named Hindenburg crashed in the air while taking off in Manchester city of Britain. 35 people died tragically in this accident.
After investigation, it was found that this incident occurred due to fire in the hydrogen balloons of this aircraft. Even before this, there had been accidents due to fire in hydrogen balloons. The investigation report revealed that the company had put more people on the plane than its capacity without following the rules.
Nathan Anderson believed that the spaceship company could have avoided this accident by learning from earlier incidents. The incident that happened 80 years ago left a deep impact on the heart and mind of Nathan Anderson. That’s why he named his company ‘Hindenberg’ in 2017.
The purpose of keeping this name was only one – on the lines of Hindenburg, to keep an eye on the irregularities taking place in the stock market to earn profits and expose them. So that any crash due to scams in the stock market can be prevented.
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Must read this news related to Hindenburg Report…
Hindenburg’s allegation – Adani’s ₹ 2600 crore freeze in Swiss banks: Adani Group said – all claims are false, this is an attempt to bring down our market value.
Hindenburg Research had made new allegations against Adani Group on September 12. Hindenburg had said that Swiss authorities have frozen more than $ 310 million (about Rs 2602 crore) from 6 Swiss bank accounts linked to Adani Group. Read the full news…
