Hindenburg Research announced on Tuesday that it received a show-cause notice from the Securities and Exchange Board of India (SEBI) for allegedly shorting shares of Adani Enterprises right before and after releasing its research report on the conglomerate on January 25, 2023.
Hindenburg described SEBI’s notice, dated June 26, as “nonsense, concocted to serve a pre-ordained purpose,” claiming it is an effort to silence and intimidate those who expose corruption and fraud by some of the most powerful individuals in India.
The Economic Times article includes some of my views.
Read the full article here:
https://lnkd.in/dRnDMsJD
#PioneerLegal #LawAtPL #HindenburgResearch #SEBI #AdaniEnterprises #ShortSelling #FinancialRegulation #MarketManipulation #CorporateFraud
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