American short seller firm Hindenburg, after raising questions on the Adani Group led by Indian billionaire Gautam Adani last year, has now released a new report on the market regulator SEBI. Adani Group was also included in this report published on Saturday. In fact, it was claimed that the SEBI Chairman had a stake in the offshore funds which were used in the Adani money siphoning scandal. Even though the American firm has targeted the SEBI chairperson, experts are terming all the claims made in it as mere speculations.
‘Absurd links forcibly installed’
Now the discussion on social media has intensified regarding Hindenburg’s new report. Many market experts are sharing their opinions regarding the claims made by the American short seller firm. Some of them believe that the recent Hindenburg Report is nothing more than a desperate attempt to weaken India’s strong economic governance. The claims of links to offshore funds from a decade ago are pure speculation. Ajay Rotti, a tax lawyer who keeps a close eye on this matter, said in a post on his .
I will question whatever #Hindenberg says because of this. Only this. I cant ignore it. If others can, good for Hindenberg!
They are questioning conflict of interest?? 😆Their whole report begins with a conflict. Let them write stuff and confirm that they and none of their… pic.twitter.com/A4GtTqJkv5
— Ajay Rotti (@ajayrotti) August 11, 2024
In another post, Ajay Rotti wrote, absurd links were forcibly established in the report. Nothing makes any sense, but sadly the opposition will take it to another level and it will be enough to disrupt the House next week. After this issue, athlete Vinesh will now take a back seat! He said that from a technical point of view there is no substance in this report, but given the low level of political discussion we have, it looks fatal.
Ridiculous links forcibly established. Nothing make sense. But the sad part is the Opposition will stretch this to even sillier levels and have got enough to disrupt the house for the next week. Vinesh will take back seat now!
While this lack substance from a technical…
— Ajay Rotti (@ajayrotti) August 10, 2024
‘No court will take cognizance of this report’
Another expert and lawyer Jai Anant Dehadrai on the X platform wrote regarding this matter, ‘I have read the Hindenburg report released today. You should also read it, so that you can fully understand how foreign-funded propaganda works. He further wrote that as a lawyer in criminal cases, two things are very clear to me. First, there is no evidence anywhere in the Hindenburg report to support the claim that the SEBI chairperson has taken any bribe. Apart from this, secondly, this report merely tries to spread the illusion that an offshore fund necessarily means that some criminal activity has taken place. He said that his own earlier claims on the alleged beneficiary Adani Group have been clumsily repeated without any evidence, which have also been rejected by the Supreme Court.
I have read the Hindenburg Report released today.
You should too – to fully understand how foreign-funded propaganda works.
As a Criminal Lawyer two things are crystal clear to me:
First, there is no evidence anywhere in the Report to back the claim that the SEBI Chairperson…
— Jai Anant Dehadrai (@jai_a_dehadrai) August 10, 2024
He further wrote in his post that no criminal court anywhere in the world will take cognizance of the information given in this report, because no criminal case is made out. With each passing day, it is becoming more clear to me that there is a desperate gang operating in India and abroad, whose goal is to destabilize the Indian markets. I hope that for the sake of democracy and India, our investigative agencies will wake up to this real and present threat.
1. Vinod Adani controlled company had invested in “Global Dynamic Opportunities Fund” (“GDOF”) in Bermuda.
2. This find then invested in IPE Plus Fund 1, a fund registered in Mauritius.
3. IIFL set up IPE Plus fund, in Mauritius. The IPE Plus Fund had only U.S. $38.43 million… pic.twitter.com/pjSZ6GP53s
— Alok Bhatt (@alok_bhatt) August 10, 2024
The purpose of the report is only to create confusion
On this report issued by Hindenburg regarding SEBI, a user named Alok Bhatt has explained it through 10 points and termed it false. He said the report shared by Hindenburg to attack SEBI is a lie, the purpose of which is to create confusion and provide ammunition to Congress to help its game.