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Hindenburg Report: New Revelations About the Adani Group Controversy

Hindenburg Report: New Revelations About the Adani Group Controversy

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New details are emerging about the controversy surrounding the Hindenburg report on the Adani Group. Senior advocate Mahesh Jethmalani has made critical remarks, suggesting Chinese involvement behind the Hindenburg report.

Key Points Raised by Senior Advocate Mahesh Jethmalani:

1. Commissioning of Hindenburg Report: The primary point raised is that American businessman Mark Kingdon commissioned Hindenburg to prepare the report on the Adani Group.
2. Involvement of Kotak Mahindra Investments: Kingdon reportedly approached Kotak Mahindra Investments to trade in Adani shares. This led to the emergence of the Kotak India Opportunity Fund.
3. Short Position in Adani Shares: Before the Hindenburg report was prepared, a significant short position in Adani shares was taken through Mauritius. Kingdon Master Fund provided the funds for this. The fund includes shares held by Kingdon’s wife, Anla Cheng, and his family.
4. Anla Cheng’s Background: Anla Cheng is a Chinese American, working for Chinese interests, as highlighted by the senior lawyer. She runs pro-China media organizations, which have been shut down due to their connections with communist parties.

The senior lawyer’s allegations imply that Anla Cheng operates in favor of Chinese interests, and the media organizations she runs have been linked to the Communist Party, resulting in their closure.

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