Hindenburg Research: US firm that accused Gautam Adani's company of fraud shuts down

Nate Anderson, the founder of Hindenburg Research, has announced his decision to disband the company.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveAudioWeatherNewslettersUS firm that accused Adani Group of fraud shuts downGetty ImagesHindenburg made headlines after it accused Indian billionaire Gautam Adani's conglomerate of stock manipulation A US-based short-seller which had published reports accusing top financial entities in India and abroad of financial wrongdoings and fraud is set to shut down.

Nate Anderson, the founder of Hindenburg Research, announced on Wednesday that he was disbanding the company almost eight years after starting it.

The firm had made headlines in India in 2023 after publishing explosive reports about billionaire Gautam Adani's conglomerate, sparking political rows and major losses for the company.

Mr Anderson didn't share a specific reason for his decision, but expressed a desire to spend more time with friends and family in the future.

Started in 2017, Hindenburg Research shot to fame for exposing alleged financial irregularities in some big-name businesses. The firm's reports have led to businesses, both in India and abroad, losing billions of dollars in market value.

https://www.bbc.com/news/articles/cx2jyrzg99yo

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