24 January 2023. This is the date that changed many things for Indian industrialist Gautam Adani.
On this date, the report of The Us forensic financial company Hindenburg came out.
In this report, serious allegations of corruption were made against the Adani Group. Also, 88 questions were asked to the Adani Group in the report. This report was rejected by the Adani Group.
Since the report came, there has been no good news from the stock market world for Gautam Adani. It was Gautam Adani, who was the world's number three rich man until a few days ago.
But within 10 days of the Hindenburg report, he has also dropped out of the top 20 list of nobles. Apart from this, Gautam Adani also canceled the FPO of Rs 20, crore. The company is in huge losses.
In such a situation, the question is, what is the story of the Hindenburg Research Company, which published this report and who is behind the Hindenburg Research?
Where did the name Hindenburg come from?
Year 1937. Hitler ruled Germany. There was a spaceship in this period. The name was Hindenburg Spaceship.
Behind the spaceship was a swastika bearing testimony to the Nazi era. People who were watching this spaceship from the ground in New Jersey, USA, saw something unusual.
There was a loud explosion and the Hindenburg spaceship visible in the sky caught fire. The sounds of people screaming were heard. The spaceship fell to the ground. Everything was destroyed in less than 30 seconds.
Some people came forward to save the people present there. Some people could be saved and some were too late to be saved.
The smoke of the burning spaceship had darkened the sky. What was left now was the remains of the spaceship.
There were 16 hydrogen gas balloons in this spaceship. About 100 people were forcibly seated in the spaceship and 35 people lost their lives in the accident.
It is believed that there had been accidents in hydrogen balloons earlier, so this accident could have been avoided by taking a lesson.
Lessons learned from accidents For the stock market?
The research company that brought the report on Gautam Adani has also been named Hindenburg.
The company says, "On the lines of the Hindenburg incident, we monitor the turmoil and disturbances in the stock market. Our aim is to expose them and bring out the truth," he said.
Just as people suffered losses in the Hindenburg accident, the Hindenburg company says that it works to protect people from such financial accidents in the stock market or from being in danger.
How does the company prepare a report? Its information is found in the company's website. The company says that the basis on which it makes reports is very difficult.
Here's how the company explains:
Base analysis for making investment decisions
Do investigative research
Research is done on secret information received from sources
What does Hindenburg say about herself?
Hindenburg says she has decades of experience in investing.
The company's website has claimed that Hindenburg Research Company has dropped shares of many companies even before its reports and other types of actions.
Before Adani, Hindenburg's name was associated with the big company - truck company Nikola. When this case reached the court, the founder of Nikola Company was found guilty.
According to a Bloomberg report, Hindenburg has uncovered research reports of 2020 companies since 30 and the shares of that company fell by an average of 15 percent the next day after the report was released.
It has been reported in the report that in the next six months, the shares of these companies have fallen by more than 26 percent on an average.
Hindenburg also gives a list of reports in its website, which it has published since September 2020.
Hindenburg investigates a company on these occasions:
Irregularities in accounting
'Ineligible' persons in key positions
Undisclosed transactions
Any kind of illegal/illegal Unethical trading or financial reporting practice
Who is behind Hindenburg?
Hindenburg Research is headed by Nathan aka Nate Anderson.
Anderson founded the company in 2017. Nate Anderson studied at the University of Connecticut in the US.
Anderson studied international business and started his career with a data company called Fact-Set Research System. In this company, Anderson worked with investment management companies.
In a 2020 interview with the Wall Street Journal, Anderson said, "I felt that these people were doing a simple analysis."
According to the news agency Reuters, Anderson also ran an ambulance for some time in Israel.
Anderson's LinkedIn profile reads, "While working as an ambulance driver, I learned how to work under a lot of pressure."
Anderson's profile says that he also has 400 hours of medic experience.
In many interviews, Anderson tells his role model to American accountant Harry Morcopoulos.
Anderson's role model Harry also told people about the corruption associated with the Bernard Madoff Ponzi scheme of 2008.
Netflix series was also released recently on this Madoff. The name of this series was - The Monster of Wall Street.
But these days, due to the disciple Net Anderson, not guru, there has been an uproar in the stock market and it is having a direct impact on Gautam Adani.
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