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Podcast: In Focus by The Hindu
Episode: The Hindenburg effect: Is it a storm that will pass or is a shake-up on the cards?
Description: Hindenburg Research, an American ‘activist’ short-seller, known for going after companies that they believed are excessively overvalued, has unleashed a storm in the markets and regulatory circles with a report on the Adani Group of companies. In its report, Hindenburg has accused the Adanis of pulling off “the most egregious corporate fraud” in history. The allegations include stock manipulation and round-tripping of funds using shell companies. While the Adanis hit back with a 413-page rejoinder, the markets have so far sided with Hindenburg, as Adani stocks tumbled and more than $100 billion of market cap was wiped out.The Adan...