Adani Group Shares collapsed today. This is one of the top 3 fastest growing companies in the world. A research report in this regard is creating a stir. The opposition often plays that Adani has grown with the support of the BJP in the country. At such a time, the Hindenburg Research report is shaking the share market.
The Hindenburg report says that the Adani family created shell companies abroad, through which they laundered money on a large scale and facilitated tax evasion. He said that the funds were transferred illegally through the listed companies. Accounting frauds have been committed for the last 5 years and evidence has been obtained that the share prices have increased due to stock manipulation.
Revelations through the Investigation!
Making allegations against companies like Adani would have to pay a huge legal price. However, an investigation should be done accordingly. No matter where there is a difference, that team has to win. In this background, it seems that the Hindenburg report which collects everything has been released. It is being propagated that thousands of documents have been examined and interviews of Adani directors and representatives of the company have been prepared with sting operations. The documents obtained by a forensic financial research company stated that the value of Adani Group company’s shares was much higher than expected. There are media reports that Adani has illegally earned one lakh crore of rupees with lies. It is reported that SEBI has already requested KYC from the Adani Group on foreign investment matters. Due to this, the shares of Adani group companies fell. So far the market capitalization of this group of companies has fallen by Rs 46,000 crore. The stock market collapsed on Wednesday due to this blow.
Do they have information about Hyderabad companies?
Speculation is that Hindenburg Research also managed to collect a lot of information about the business of Hyderabad-based companies. It seems that a list of the fastest-growing industrialists has been prepared with the support of the government. Hear that this American research center is investigating what are the reasons for earning a lot in a short time. There is a rumor that an investigative reporter has been hired for that. If the same happens, there are chances that the list of top 3 companies which are spending as big companies will come out on a fine day.