Hindenburg could face securities fraud charges(timesofindia.indiatimes.com) |
Hindenburg could face securities fraud charges(timesofindia.indiatimes.com) |
Simply put, Anderson messed with the wrong people, and now the legal system will be used against him as punishment. This is an extremely common tactic used against short sellers.
If wikipedia is to be believed they're lucky they are American citizens anywhere else in the world they would be dead
> Following that, Adani Group stocks plummeted $45 billion. The losses resulted in Adani dropping from the 3rd richest person in the world to 22nd on Forbes' billionaires tracker.