Thu Jan 16 08:06:52 UTC 2025: ## Controversial Short Seller Hindenburg Research to Disband
**NEW DELHI** – Hindenburg Research, the US-based short-selling firm known for its high-profile attacks on the Adani Group and other companies, is disbanding, founder Nate Anderson announced. Anderson stated the decision was planned and part of a phased wind-down after completing current projects, denying any external pressure or personal reasons behind the closure.
Hindenburg’s most notable campaigns targeted the Adani Group, India’s energy-to-ports conglomerate, in 2022 and 2024. The Adani Group vehemently refuted Hindenburg’s allegations as false and politically motivated attacks on India. Adani Group chairman Gautam Adani described the attacks as a dual assault targeting the company’s financial stability and dragging it into a political storm. Hindenburg also faced criticism from India’s markets regulator chief, Madhavi Puri Buch, who labeled the firm’s actions as an attempt at character assassination.
The firm’s closure follows recent criticism of the US government’s investigation into Adani Group companies from Republican Congressman Lance Gooden, who questioned the need for the probe and its potential impact on US foreign relations. While the timing is close to the upcoming change in US administration, Anderson insists the decision is unrelated to any political pressures. The implications of Hindenburg’s disbandment for future investigations into global corporations remain to be seen.
First Piper 