A week after Supreme Court-appointed panel of experts examining India’s regulatory mechanism in an investigation linked to the Hindenburg allegations has given a clean chit to the Adani Group, the short-seller Hindenburg has announced that it will now expose Supreme Court who has given clean chit to Adani.
Speaking to The Fauxy, Hindenburg said that Hindenburg is the biggest authority and SC of India has done a contempt by not aligning itself with Hindenburg report. “We will soon release a report on Supreme Court of India” said the Hindenburg Research CEO Nathan Anderson.
Hindenburg is currently finding SC shares to take short position and make profits when the share prices drop after its report. Reportedly, Hindenburg is likely to raise questions on Supreme Court’s collegium system.