In January 2022, Indian billionaire businessman Gautam Adani suffered huge losses after a report. Based on the research report issued by the American short seller firm Hindenburg on Adani Group, Adani Group was accused of manipulating the share price.
After this, not only was he deprived of the title of being the richest businessman in the country, but he was also out of the list of top 20 billionaires in the world. In this report, 88 serious questions were raised on Adani Group.
Adani Group Got Clean Chit
After this, there was a huge fall in the shares of the group companies. A committee was formed by the Supreme Court to investigate this entire matter. This committee has given a clean chit to the Adani Group in the report submitted recently.
The Chairman of Adani Group had already rejected the serious allegations against the group. But now it seems that Hindenburg will not give up Gautam Adani easily. Once again, a new tweet has been made by Hindenburg regarding the Adani Group.
Comparison With Germany’s Wirecard Scam
Hindenburg operator Nathan Anderson tweeted and compared the Adani case with Germany’s Wirecard scam. This time, he has not made any allegation of manipulation in shares. Nathan Anderson has posted on behalf of Adani Group about opening a front against a journalist of a media organization.
Adani is attacking journalist Dan McCrum at the Financial Times (FT) over an upcoming article.
The last company that tried that was Wirecard, later found to be the largest fraud in German history. pic.twitter.com/iV7J3mc5qb
— Nate Anderson (@NateHindenburg) October 9, 2023
Nathan Anderson tweeted that Gautam Adani is targeting journalist Dan McCrum over an article. A company, Wirecard, made a similar attempt. Later, this German company was accused of the country’s biggest fraud. Nate Anderson has compared Adani Group with Wirecard.
What Is a Wirecard Scam?
Wirecard is a payment system that allows you to accept credit card and online payments online or on mobile. This company was founded by Markus Braun in 1999. Its business started with providing services to porn and gambling websites.
After 2002, the company expanded rapidly under Braun’s leadership. After this, the company also got involved in the banking sector. Journalist Dan McCrum revealed in a report on Wirecard in October 2019 that there was significant fraud in the company’s business regarding sales and profits. The allegation said the research was shared regarding manipulating 1.9 billion euros from the balance sheet. At that time, this matter was in the news a lot.
