‘Hindenburg Research’ company, which created sensation due to report against Adani, closed

New Delhi| The ‘Hindenburg Research’ company, which created a sensation with its report against Indian business group Adani and SEBI, has been closed. A day earlier (Wednesday) company founder Nathan Anderson had announced this. Let us tell you that the controversial company ‘Hindenburg Research’ was started in the year 2017. Nathan Anderson has not given any specific reason behind closing it. He said that the decision to close the company has been discussed and thoughtful a lot.

Statement by ‘Hindenburg Research’ founder
During his announcement, Nathan Anderson said – As I have shared with my family, friends and my team since the end of last year, I have decided to close Hindenburg Research. The plan was that it would be discontinued once we had completed the ideas we were working on. And as per previous Ponzi cases that we have just completed and are sharing with regulators, that day is today.

Hindenburg A Chapter of My Life-Nathan Anderson
In his statement, Anderson said, there is no one special – no special threat, no health problem and no major personal issue. Someone once told me that at a certain time a successful career becomes a selfish act. “Now I’ve felt some spontaneity in myself, maybe for the first time in my life”, he said ‘Maybe I could have done it all forever, but I had to go through a bit of hell myself first. The intensity and attention has come at the cost of losing the rest of the world and the people I care about. Now I consider Hindenburg a chapter of my life, not a central thing that defines me.

Nathan Anderson told his future plans
At the same time, in an interview with the Wall Street Journal, Nathan Anderson said that he is looking forward to pursuing hobbies, traveling and spending time with his fiancé and his child, saying that he has made enough money for them in the future. He said he plans to invest his money in index funds and other low-stress investments. Anderson said that for now, he will focus on making sure everyone on his team gets to where they want to move from. “There are others on our team who are now free agents – so if you need someone who is talented, focused and easy to work with, feel free to contact me, because that’s how they’re all”, he said

Report on Adani in 2023 and SEBI in 2024
In 2023, reports of Hindenburg Research had caused losses worth billions of dollars to many companies including India’s Adani Group and Icahn Enterprises. In August last year, Hindenburg had claimed in its report that Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch and her husband Dhawal Buch have stake in an offshore company linked to Adani Group.