अमेरिका की एक फ़ाइनैन्शियल फ़ोरेंसिक कंपनी ने आरोप लगाया है कि अदानी समूह स्टॉक मार्केट के “बहुत बड़े हेरफेर” और “अकाउन्टिंग फ़्रॉड स्कीम” में शामिल है.
मंगलवार को छपी एक एक रिपोर्ट में दावा किया गया है कि 218 बिलियन डॉलर वाला अदानी समूह “कारोबारी इतिहास की सबसे बड़ी धोखाधड़ी” कर रहा है.
आरोपों का जवाब देते हुए अदानी समूह ने एक बयान जारी कर कहा, “हमें धक्का लगा कि हिंडनबर्ग रिसर्च ने हमसे संपर्क करने या तथ्यों को जांचने की कोशिश के बिना 24 जनवरी 2023 को एक रिपोर्ट छापी है.
“ये रिपोर्ट चुनिंदा गलत जानकारियों और पुरानी, निराधार और बदनाम करने के लिए लगाए गए आरोपों का एक दुर्भावनापूर्ण संयोजन है जिन्हें भारत के उच्चतम न्यायालयों में जांचा और ख़ारिज किया जा चुका है.”
“रिपोर्ट के प्रकाशन का समय स्पष्ट रूप से भारत में अब तक के सबसे बड़े एफ़पीओ, अडानी एंटरप्राइजेज की आने वाले फॉलो-ऑन पब्लिक ऑफरिंग, को नुकसान पहुंचाने के मकसद के साथ अदानी समूह की प्रतिष्ठा को कमज़ोर करने के एक खुले, दुर्भावनापूर्ण इरादे को दर्शाता है.”
“वित्तीय विशेषज्ञों और प्रमुख राष्ट्रीय और अंतरराष्ट्रीय क्रेडिट रेटिंग एजेंसियों द्वारा तैयार किए गए विस्तृत विश्लेषण और रिपोर्ट के आधार पर निवेशक समुदाय ने हमेशा अदानी समूह में विश्वास जताया है. हमारे निवेशक निहित स्वार्थों के साथ एकतरफा, प्रेरित और निराधार रिपोर्टों से प्रभावित नहीं होते हैं.”
Sumit Tiwari
@Sumit609Tiwari
The revenue increase of Adani Enterprise clearly states the acquisition of new customers as well as the gaining market share. Not even surprised but a significant 75% increase amounting to Rs.30142cr is exceptional.
TheNewsMinute
@thenewsminute
Adani Group shares tank by up to 5% as Hindenburg report alleges financial fraud
Adani Group shares tank by up to 5% as Hindenburg report alleges financial fraud
The report suggested that Hindenburg, a short-seller in the United States, is holding short positions in the Adani Group stocks through US traded bonds and non-Indian-traded derivative instruments.
Adani Group stocks plunged sharply during trading on Wednesday, January 25, amid a report by Hindenburg Research targeting the conglomerate owned by billionaire Gautam Adani and alleging financial fraud. Hindenburg, is a well known short-seller in the United States.
The report suggested that the short-seller is holding short positions in the Adani Group stocks through US traded bonds and non-Indian-traded derivative instruments. Short-selling refers to investment activity in which the investor borrows securities and sells them in hope of purchasing the securities at a lower price in the future.
Adani Ports plunged about five per cent to Rs 725 in Wednesday’s trade, before making a mild recovery to Rs 731.05 level, as of 9.55 am, according to a report in the Business Today. Adani Enterprises plunged three per cent to Rs 3357.10 during the session, ahead of its Rs 20,000 crore follow-on public offering (FPO), opening on January 27. Among other Adani Group stocks, Adani Wilmar lost four per cent to Rs 551.35, whereas Adani Power also posted similar cuts to trade at Rs 264 on Wednesday, the report added. Gautam Adani’s latest acquisition, New Delhi Television (NDTV), also dropped four per cent.
Adani Group stocks were hit hard as the Hindenburg report flagged risks to the financials of key companies. Key listed Adani companies have taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on a precarious financial footing, the Hindenburg report said. The activist short-seller behind Hindenberg is known for going after corporate fraudsters and research reports that send companies’ stocks tanking.
The report comes as Adani, whose net worth of around $118 billion ranks him as Asia’s richest person, pushes forward with a fundraising drive to fuel the rapid expansion of his existing industrial and fossil fuel outfits as well as green energy businesses.
“Even if you ignore the findings of our investigation…[Adani Group’s] key listed companies have 85 per cent downside purely on a fundamental basis owing to sky-high valuations,” the Hindenburg report stated.
Gautam Adani has maintained that his companies’ valuations are justified. The business magnate had announced plans last year to increase the amount of freely-traded shares in Adani Enterprises after the company’s share price gained more than 3,300 per cent in three years, according to a report in the Financial Times.
The FT report added that the shareholdings by several Mauritius-based investment funds that have for years held stakes in Adani Enterprises and other listed Adani Group companies have come under scrutiny from Indian regulators in the past.
The Adani Group derives much of its revenues from mining and burning coal. However, the company is looking to diversify and become one the world’s largest green energy players by investing $70 billion by 2030 in sectors ranging from green hydrogen to solar panel manufacturing.
BharatPe appoints three top executives amid legal battle with Ashneer Grover
The company is currently involved in a legal battle with its former Co-founder and managing director Grover, after suing him and his family for allegedly siphoning off company funds worth Rs 88.6 crore.
IANS
IPO-bound fintech platform BharatPe on Tuesday, January 24, announced three key appointments, along with hiring Ambuj Bhalla as its Chief Information Security Officer (CISO), as it fights a legal battle with former Co-founder Ashneer Grover in the Delhi High Court. BharatPe also announced the appointment of Rahul Bhatia as Head of Internal Audit and Ravinder Oberoi as Head of Compliance.
“As we focus on getting IPO ready, it becomes essential for us to ensure that data privacy, cyber security, corporate governance and compliance are given the highest priority,” said Shashvat Nakrani, Co-Founder, BharatPe.
“I look forward to collaborating with all the three leaders as we build BharatPe as a brand trusted by millions across the country,” he added. Bhalla has close to two decades of experience with brands like IndiGo Airlines, Reserve Bank Information Technology (ReBIT) and Bharti Airtel, with a strong focus on information security, as well as data privacy and protection.
Bhatia has about 17 years of experience in the domain of governance, risk and compliance (GRC) in the financial services sector while Oberoi is an industry veteran with close to 23 years of experience in financial services, banking as well as insurance companies.
Founded in 2018, BharatPe is currently serving 1 crore merchants across more than 400 cities.
The company is a leader in UPI offline transactions, processing over 18 crore UPI transactions per month (with an annualized transaction processed value of over $24 billion in payments).
The company has facilitated the disbursement of loans close to Rs 8,500 crore to over 450,000 merchants.
The fintech platform also received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA).
Currently, the company is involved in a legal battle with its former Co-founder and managing director Grover, after suing him and his family for allegedly siphoning off company funds worth Rs 88.6 crore.
The Delhi High Court this month asked Grover’s counsel to advise his client (Grover) to maintain decorum following his termination from the fintech company while hearing a plea filed by the company seeking orders to restrain Grover and his kin from making defamatory statements against the company, and other reliefs.
Adani Group CFO Releases Video Statement
Watch: https://t.co/ZdlnvxwIvj | #GautamAdani #AdaniGroup #shares #FPO pic.twitter.com/sxgN82QWLX
— Business Today (@business_today) January 25, 2023
