https://external-preview.redd.it/4J3aYipE2-pNXa32Tm5r80C__ZVmD3T1lihKn926RGs.jpg?auto=webp&v=enabled&s=91baa274e7057c243c8567851f885c5fa142b1cb
Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History
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Give me a ticker and a strike price ![img](emote|t5_2th52|27189) you think I’m reading all that?
TLDR: bunch of shady offshore companies trading Adani company shares to drive up the stock prices.
jesus…. three days ahead of their follow on public offering… anyone who’s been shitting on Hindenburg is about to see the goods. These folks pushed all in and they 10000% have the data. Not only is the FPO fucked… Adani Group will be too.
How do we short it
Right now would be the worst time to short the company. Dude’s company controls 70 percent of India’s shipping and major airports including Delhi and Mumbai airport. Plus he’s been awarded about 30-35 percent of govt infrastructure project. And India has a general election and this guy is financier of PM Modi. Until he’s in power, wouldn’t bet against him
…Did they actually interview any Indians while doing research for this? These things are an open secret to people in India; the government is known to provide insane amounts of funding under the table to the Adani Group and abets its inflation of market cap. It makes no sense to talk about how things should work “purely on the fundamentals” because the company is tethered to the Indian government’s teat. Shorting Adani’s companies would be like shorting Freddie Mac.
(Realistically, they know all this, bought puts in advance, and are counting on *you* to short it so they make money.)
Everyone’s saying short so I guess the price can only go up
Bernie madoff to hindenturds- am i a fucking joke to you?
He became rich by looting Indians and Indian wealth, mostly natural resources and banks. He is pro Hindu nationalists and funds them. So it wont be an issue there.
Adani is super close to Modi. I doubt he faces any consequences.
How does this help my puts
RIP Nifty 50
This is what INDA is? Damn! This explains the unusual PUT volume I saw today. (47 strike, Feb 17th)
HOLY FUCK
the companies aren’t even down 10%
He is an oligarch with Modi’s support. Nothing is going to happen to him.
According to the article, the key to climbing the executive ladder at Adani Group is continually getting investigated for fraudulent schemes
calls on GLD
Can we get this post 10M upvotes ?
India is corrupt and Adani has close ties to the current ruling party, nothing major is going to happen. Probably an inconsequential fine at most.
i’m pretty sure the 2nd richest man is also pulling a large con…
Western world: Hey, China is going down by their own, target India now before they become a threat like China. ![img](emote|t5_2th52|4275)
By the way, how should I short Adani? ![img](emote|t5_2th52|4271)
Long winded way of saying byebye India ATH?
Another big 4 must have involved.
https://www.nseindia.com
Enron Part Deuce: India Version
I always knew Guy Adami was full of it
*Looks at ETFs.*
If wsb says puts, calls it is.
Edit: Lordy the volume is abysmal on all of these.
So exactly the same process as people used to inflate the price of NFT jpegs. How does He ger away with it?
Live hard, die poor >:”)
Not to be confused with Ambani who’s Indian conglomerate company Reliance has equipped the worlds largest population with cheap cell phones and easy access to coverage. Already have telecom and energy under their belt will probably start taking over media at some point.
He’s headed to the moon and should be top 5 richest in a few years while Adani and others on the list drop down.
Impressively convoluted schemes
I probably read a quarter to around 50% of the article. Interesting stuff but I’m not sure how much of this is really new. Does anyone else find it hilarious that Hindenburg jokingly discloses their “initial disclosure” of having a short position AFTER the initial TLDR summary?
For the novice, can someone explain in laymen terms this report? Such as how they inflated their stock?
Long Dated puts for INDA
Indian investors aren’t as sophisticated as those in the USA, as their stock market isn’t mature enough
The second the start to see red, they will panic sell
Cool some Indian company with no actionable path to profit.