A plea has been filed in the Supreme Court by advocate Manohar Lal Sharma seeking a direction to the Centre and Sebi to inquire into an alleged “criminal conspiracy” behind the Hindenburg report on the Adani Group that resulted in a stock crash and caused huge losses to investors.
The petitioner claimed that resident of the US, Nate Anderson of Hindenburg Research, and his Indian entities hatched a criminal conspiracy and carried out a short sale worth hundreds of billion dollars prior and thereafter on January 25, 2023, when they released concocted news as a research report qua to the Adani Group of the companies, and squared up their short sell position at the lowest rate.
