Mumbai4 days ago
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On the Hindenburg report and the allegations of the Congress, BJP MP Ravi Shankar Prasad said on Monday that the people of the country have rejected the Congress. That is why it wants to destroy the Indian stock market in connivance with the toolkit gang.
Ravi Shankar Prasad said in a press conference- Hindenburg’s main investor is American businessman George Soros. He is an opponent of Prime Minister Narendra Modi and a toolkit gang. Rahul Gandhi is his agent. Rahul, while hating PM Modi, has started hating the country.
BJP MP Sudhanshu Trivedi said that it has been seen in the last few years that whenever the Parliament session begins, such allegations come to the fore. The documentary on the PM, the Hindenburg report are examples. It is clear that the opposition has connections with foreign countries.
In fact, after the allegations against SEBI chairperson in the Hindenburg report, Rahul Gandhi had asked who would be responsible if investors suffer losses. Why the PM is afraid of JPC investigation is now completely clear.
George Soros has called Prime Minister Modi undemocratic
George Soros was born on August 12, 1930 in Budapest, the capital of Hungary. George is accused of running an agenda to influence the politics and society of many countries of the world. Soros’s organization ‘Open Society Foundation’ entered India for the first time in 1999.
In 2014, it began funding organizations in India that improve medicine, the justice system, and help people with disabilities. In 2016, the Indian government banned funding through this organization in the country.
George’s statement at the Munich Security Council in August 2023 was very much discussed. When he said that India is a democratic country, but Prime Minister Modi is not democratic. The main reason for his rapid rise to power is the violence against Muslims.
Soros also made controversial statements on CAA, 370
Soros also targeted PM Modi on the Citizenship Amendment Act (CAA) in India and the removal of Article 370 from Kashmir. Soros said on both occasions that India is moving towards becoming a Hindu nation. On both occasions, his statements were very harsh and he was seen attacking Prime Minister Narendra Modi.
SEBI and Adani Group clarified that the allegations are baseless
The allegations of US short seller Hindenburg have been termed baseless by market regulator SEBI and Adani Group. SEBI said on Sunday that it has investigated all the allegations against SEBI Group. Chairperson Madhabi Buch has made all disclosures from time to time. She has recused herself from matters related to possible conflict of interest.
According to SEBI, as per the order of the Supreme Court, 22 out of 24 investigations against the Adani Group have been completed by January 3, 2024. Another investigation was completed by March 24. One is pending. SEBI chief Madhabi Buch and her husband Dhawal Buch also described Hindenburg’s allegations as an attempt to tarnish the image.
On the SEBI chief’s statement on the report, Hindenburg said – Madhabi Buch’s reaction to our report has raised many new questions. Buch’s statement confirms Vinod Adani’s alleged withdrawal of funds as well as his investment in an obscure fund structure. She also confirmed that this fund was run by her husband’s childhood friend, who was then a director of the Adani Group. Read full news…
Adani Group said- we do not have business relations with those whose names were mentioned by Hindenburg
On the Hindenburg report, the Adani Group has said that the group has no business relations with the SEBI chief. The group has no transactions with the people whose names have been taken along with the SEBI chief. The questions raised on foreign holdings are baseless. The structure of the group’s foreign holdings is completely transparent. It was not used for money manipulation.
The group said- Hindenburg misused publicly available information for its own benefit. The allegations leveled against the Adani Group have already been proven baseless. After a thorough investigation, the Supreme Court dismissed Hindenburg’s allegations in January 2024.
On August 10, Hindenburg released a report and made allegations against the SEBI chairperson
- There is a fund called Global Dynamic Opportunity Fund (GDOF) which is operated by Gautam Adani’s brother Vinod Adani and with the help of this fund he used to increase the price of Adani Group’s shares. GDOF used to invest its money in another fund IPE Plus Fund 1.
- IPE Plus Fund 1 also traded in Adani’s stocks. It is alleged that SEBI chief Madhabi and her husband Dhaval have invested in both these funds. Hindenburg said that SEBI did not investigate these funds properly because Madhabi had invested in them.
- ‘IPE Plus Fund’ is Mauritius based, which has been established by Adani director through India Infoline (IIFL). Now the name of IIFL has become 360 One. IIFL is the same company which was also accused during the Wirecard fraud. Wirecard is a German company.
- Buch remained a 100% shareholder of Agora Partners Singapore until March 16, 2022 and continued to own it during her tenure as a SEBI member. Two weeks after her appointment as SEBI chairperson, she transferred her shares to her husband.
- The first REIT ‘Embassy’ launched in India in April 2019 was sponsored by Blackstone. Dhaval Buch joined Blackstone as a senior advisor after 3 months without any experience in this sector. Madhabi Buch was then a SEBI member.
- During Dhaval’s tenure as an advisor to Blackstone, SEBI made major changes in the regulation of REITs. Blackstone is the world’s largest real estate company. Questions are being raised whether Madhabi helped the company in which her husband was an advisor.
Adani Group was accused of money laundering and share manipulation
On 24 January 2023, Hindenburg Research published a report on the Adani Group. After the report, there was a huge decline in the shares of the group. However, there was a recovery later. Regarding this report, the Indian stock market regulator Securities Exchange Board of India (SEBI) had also sent a 46-page show cause notice to Hindenburg.
In a blog post published on July 1, 2024, Hindenburg Research said that the notice states that it has violated the rules. The company said, SEBI has alleged that Hindenburg’s report contains some false statements to mislead readers. In response to this, Hindenburg had made several allegations against SEBI itself.
Adani Enterprises shares fell 59% after the report
On 24 January 2023 (25 January Indian time), the share price of Adani Enterprises was Rs 3442. On 25 January, it fell 1.54% to close at Rs 3388. On 27 January, the share price fell 18% to Rs 2761. By 22 February, it had fallen 59% to Rs 1404. However, later the stock saw recovery.
Short selling means selling the shares first and buying them later
Short selling means selling shares that the trader does not have at the time of the trade. These shares are later bought to square off the position. Arrangements for lending or borrowing shares are necessary before short selling.
In simple words, just like you first buy shares and then sell them, in short selling, shares are first sold and then bought. In this way, whatever difference comes in between, that is your profit or loss.
