Fraud Cannot be Obfuscated by Nationalism: Hindenburg’s Sharp Reply To The Adani Group
Fraud Cannot be Obfuscated by Nationalism: Hindenburg’s Sharp Reply To The Adani Group
Hours after the Adani Group published a 413-page reply to allegations of fraud by the US-based short-seller Hindenburg Research, the research firm has issued a statement: “Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised,”. The research agency stood by its report that it published last week alleging the frauds done by the Adani Group. The report said that the Adani Group “engaged in brazen stock manipulation and accounting fraud scheme” for decades. As per the Hindenburg Research group, the conglomerate run by Asia’s richest man, Gautam Adani, failed to specifically answer 62 of 88 questions that the firm raised on the Adani Group. “Of the questions it answered, the Group largely confirmed or attempted to sidestep our findings. The explanations defy common sense,” said the US seller. In response, the Adani Group said on Sunday: “This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” After the Group’s statement, the Hindenburg Research alleged that the conglomerate tried to shift the focus away from substantive issues and invoked a nationalist narrative. It further added: “The Adani Group has attempted to conflate its meteoric rise and the wealth of its Chairman, Gautam Adani, with the success of India itself,” The US-seller has alleged that the Adani Group had links with offshore tax havens and its exposure to high debt was a significant concern. Meanwhile, Hindenburg Research’s allegations have stripped off $51 billion of Adani’s flagship firm’s market value. After the report, seven listed companies belonging to the Adani Group have recorded sharp falls in their values.
Our Reply To Adani:
Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raisedhttps://t.co/ohNAX90BDf
— Hindenburg Research (@HindenburgRes) January 30, 2023
We have included 88 questions in the conclusion of our report.
If Gautam Adani truly embraces transparency, as he claims, they should be easy questions to answer.
We look forward to Adani’s response.https://t.co/JkZFt60V7f
(55/end)
— Hindenburg Research (@HindenburgRes) January 25, 2023
ASI Gopalkrushna Das, Who Shot Dead Odisha Minister Neba Kishore Das, Was Being Treated for Bipolar Disorder
As per reports, Assistant Sub-Inspector of Police (ASI) Gopalkrushna Das, who allegedly shot dead Odisha Health Minister Neba Kumar Das, was being treated for Bipolar Disorder. Despite being a mental health patient, somehow, the ASI was assigned a service revolver and appointed in charge of a police post at Brajrajnagar, where he shot dead Minister Neba Kumar Das. Gopalkrushna’s psychiatrist Dr Chandra Sekhar Tripathi, said: “Das had first visited my clinic about eight to ten years ago. He used to get angry very easily and was undergoing treatment for this. I am not sure whether he was taking medicines regularly. If medications are not taken regularly, the disease reappears. It has been a year since he visited me last,” According to mental health experts, Bipolar Disorder causes extreme mood swings that can range from hyper-mania to depression. However, it can be controlled by treatment, including medicines, counselling etc. As per official sources, the ASI was deployed for law and order management for the Health Minister’s visit. While Neba Kishore Das alighted from a car to attend a local programme and his supporters were garlanding him, ASI Gopalkrushna Das fired two shots targeting the Minister. However, the reason ASI Gopalkrushna Das opened fire at the Minister is yet to be ascertained. The Odisha government has formed a 7-member SIT to investigate the matter in detail.
‘He Sort of Threatened Me’, Former UK PM Boris Johnson Quotes Vladimir Putin in a BBC Documentary
In a new BBC Documentary, former UK Prime Minister Boris Johnson has claimed that Russian President Vladimir Putin threatened to target him with a missile attack just before invading Ukraine. As per the documentary, the threat came through a phone call just ahead of the Ukraine invasion on February 24. “He sort of threatened me at one point and said, Boris, I don’t want to hurt you, but with a missile, it would only take a minute or something like that,” Boris Johnson quoted Vladimir Putin as saying. Johnson and other western leaders had been hurrying to Kyiv to show their support for Ukraine and try to deter a Russian attack. In the documentary, Johnson quoted that he told the Russian President before the invasion that there was no imminent prospect of Ukraine joining NATO. However, he also added that any invasion would mean more NATO, not less NATO, on Russian borders. The BBC Documentary highlights the growing divide between western powers and Russia prior to the invasion of Ukraine. It also features Ukrainian President Volodymyr Zelensky’s ambitions to join NATO prior to Russia’s attack.
