There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
Actually, you forgot to ask a critical question: What were her credentials to become a member or chairperson of SEBI? She is the only person to become SEBI chairperson who is not a bureaucrat - who never worked on any government office. It's because she helped Adani, and Adani helped her become part of SEBI. Don’t you see the connection? If you go beyond this point, the big fish's will be named. Why do you beating around the bush?
I was a utility regulator for many years. The rule was no financial or professional interest in the entities we regulated. If there was an inadvertent or incidental interest it must be promptly disclosed publicly. Here no such disclosure was made. If she had declared her interest in Adani sponsored enterprise then she shouldn’t have been appointed as SEBi member in the first place. As president Eisenhower once said ‘ should be as clean as a houndstooth’..
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
@@rajshekhar1147 now babus with no experience in capital markets will running the capital markets 😂 World over successful private sector individuals are taking over government jobs based on experience and wealth of knowledge in that domain and here you want sarkari babus to become head of capital markets. 😂😂😂 India and our bloody sarkari naukari and babu loving culture 😂😂😂
I can prove from the money invested by you or spend by you in those years were linked to you as utility regualtor with same precision as Hindenburg. Monies will always have links.
Vinod Adani is not a citizen of India so, he can't be a NRI. NRI means citizens of India who lives outside India for more than 6 months in a fiscal year.
@@Earthaiagency What are you talking about? That is the definition of an NRI. Vinod Adani is an American citizen, not an NRI just like many of my cousins who have green cards or are citizens of USA. Indian constitution doesn't allow dual citizenship. You can verify yourself before calling everyone else names. It is there in your CIVICS lessons on constitution in school boss. So, if you don't know this, then you are the student of Whatsapp University.
Why Adani is raising more loans from LIC and Public sector banks? Why private sector banks are not lending if the business model of Adani is very good. Govt controlled banks and institutions are helping Adani ? Why
Because Madhavi worked in ICICI and apparently, Anil Ahuja in HDFC. They won't risk their own jobs. In addition, most Indian brokerages as well as foreign brokerages don't cover any Adani companies except Adani Ports for the same reasons as Hindenburg mentioned in first report. Basically, valuations don't make sense and the whole rise in stock price appears rigged. Many financial analysts also have been saying the same thing long before the Hindenburg report came out. You can compare Adani enterprises financial statements with those of Reliance and you will find a glaring difference. Reliance & Apollo Hospitals took huge loans for capex during the last decade and you see their share prices which barely moved for 5 years starting from before Modi. Reliance had taken 2 billion dollars loan to build Jio as well as retail and as soon as they were launched, even though they were successful, share prices did not move because of the huge debt and only when they started selling stakes and reducing debt, did the share prices move. Same goes for Apollo. But, Adani was completely different and defied ALL logic of market forces. And I was watching all three and several others and owned all three during that time period.
Because their business model are very high risk. Port airports coal mining etc. It requires strong government back especially if it's done outside India. Even within India it's a high risk model.
@@arunnair9166 why rules are being changed to benefit one company Shouldn’t there be fair competition Why the resources of the nation is being handed to cronies
@@arunnair9166 So, why GMR & GVK in airports share prices don't rise so much or why private banks are okay giving loans to them? You think only Adani built airports or ship ports? As regards to coal, Adani does coal TRADING, NOT mining. Adani got his first Indian coal mine only last year. The original Adani Enterprises is a COAL TRADER i.e they import coal and sell it to local industry. Why? You ask? Because there is ONLY ONE COAL MINING COMPANY IN INDIA since independence and that is COAL INDIA. All coal mined in India is done by COAL INDIA and NONE OF IT is exported. So, everyone has to buy coal from COAL INDIA and hence you don't see anything like COAL FUTURES because there is only one seller. IN this too, preference in selling goes to PSU industries and then to private Indian companies. If Private Indian companies don't get coal like Tata Steel or JSW steel, they have to import and that is where companies like Adani do the work. Just go through Adani's financial statements and compare it with Reliance or Jindal companies between 2010 to 2020. There is a huge amount of literature in the financial circles long before Hindenburg, saying the exact same things. That is why, NO brokerage in India or elsewhere covers Adani companies except for Adani ports.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
Hahaha! It’s like my father works in a bank so him nor his family should do not avail banking. It’s like just because someone’s parents are doctors they shouldn’t let their children get treated in hospitals if they are sick. Kya badhiya logic hai 😂
@@adityabhatt6746 Wah! Bank mein kaam karna aur securities se deal karna ek hi hain? ---- "Kya badhiya logic hai " Insider trading aur conflict of interest ke bare me sune ho?
That's like saying, all the people who are trading, should never join SEBI. SEBI chief didn't have dream that, 8 years later, some Hindenberg would make accusation on a fund that she bought 2 years before joining SEBI, because some random company, allegedly routed money through that fund.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
so the SEBI Chairperson invested in a fund managed by her husband's classmate and close friend who also happened to be on board of directors of Adani owned companies and we are sat here explained by Shekhar that these are just allegations and has nothing to do with Adani?
In this episode of Create The Clutter, Guptaji explained nothing. He did his classic beat around the bush. SEBI chief investing in Adani funds based in Bermuda is only something if you think it is. This is what Guptaji's brilliant analysis has shown.
You will not understand it.. you live in the world of conspiracy.. The investment was done in 2015.. long before she become SEBI member... A banker have few invested few hundred companies,, that does not mean banker involved with any mischief done by any of company.. Are you living in ideals world..
Shekhar ji don’t mind but this seemed to be the most dry episode of CTC. You basically read out the news like the old DD reporters. Viewers may have benefited from comparisons with officials in other organizations akin to Sebi in other countries such as SECC in US. Do higher officials in these organizations do financial transactions like this? What are their disclosures like? Are those all previous govt employees or they are private bankers folded into the govt institution? That would really benefit in expanding the news and give new information. Don’t mind Shekhar ji, I expected more.
Regarding your first question, the American standard is that they hand over all their trading accounts and resign from all private positions including University teaching positions when taking up a government job. After their term is over, they go back to their old position. BUT, don't think it is fair because whatever knowledge they gain and network they develop they use in the private sector as consultants like. Note that America doesn't have a bureaucratic class like we have a Civil services system. Hence, only the lower bureaucratic ranks are purely government jobs while the top tier are usually either politicians or from the private sector. For example, Robert McNamara was a director at Ford and became famous for using his army supply management skills & experience in improving Ford's systems and Kennedy took him into his cabinet as Defence secretary to do the same for Vietnam war. Regarding 2nd question, yes they make all these disclosures and the give an undertaking that now they have no involvement in those affairs and will not do so while in authority. Regarding 3rd question, I think the details in the first reply should make it clear.
@@LikeDeep-q6w Regarding insider trading? Yes, despite all the details I have presented above, it is NOT UNCOMMON. There is a documentary on the 2008 financial crisis. Although not insider trading, many of the authoritative figures preceding the crisis had HUGE conflict of interests with their alma maters and subsequent employment with lobbying & hedge firms. QUID PRO QUO are very difficult to prove unless you have actually spied on them because most of it is negotiated verbally and the exchange can be a very complicated structure to prevent implication later on.
You will not understand it.. you live in the world of conspiracy.. The investment was done in 2015.. long before she become SEBI member... A banker have invested minimum few hundred companies, in past, that does not mean banker involved with any mischief done by any of company.. Are you living in ideals world..
Because it is case of Money Laundering. Why PMLA is not being applied?? Why SEBI Chief is considering clean without investigation, when AAP members were considering criminals without investigation?? I was BJP voter so far. But sali haramkhor party hai ye.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
What about appointment process? Is Mr Buch relationship with Adani fund made sure Mrs Buch appointment as SEBI chief? Corporates control institutions by getting their favourite person appointed as head of institutions regulating them
From the various recent unfolding of events, one would be too innocent not to believe that there is a larger conspiracy to destabilize India. Coming few years will be very challenging and India needs to deal with this aptly. We are currently inside a geopolitical hotspot.
@@sayantan19911 Before 2014, weak India had no problem dealing with short selling. Since 2014 56 inch India, oh gaand fat gayi, conspiracy ho gayi. Abki Baar Trump Sarkaar.
Hey moron, Hindeburg is Shorting Adani in US Stock markets where your God Adani is selling his companies stocks. Shorting is legal, ethical, moral, necessary part of Stock Market. Anyone can buy long Stocks. Only people who take highest of the highest risk can Short stocks. The maximum loss in being a Long stock is 100%. The maximum loss in Shorting a stock is INFINITE. Get that in your clay head, INFINITE loss. This who take the highest risk and pursue the truth and reveal the corruption can only confidently take that much risk, not morons like you. No one has issue accepting the fact that Mallaya, other corrupt millionaires billionaires are fraud. Except why are these BJP bakths so much invested themselves to defend Adani and has issue in accepting the fact that Adani nis a Fraud?
@@arunhuddar There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
@@elliotalderson2007 There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
Generally very good good impartial coverage. I watched the full video. But one thing you probably missed out is whether she disclosed her investment in Singapore firm and the companies for which she provided consultancy to SC when they asked SEBI to investigate previous Hindenburg allegation. Keep it up and continue to produce such videos.
This is so shameful. We have no faith in our own institutions and would rather believe a foreigner with a vested interest. How do you think India fell victim to the East India company?
Only BJP bakths will tell you Short Selling is illegal. Only Godi media would spout the talking points of Adani instead of doing Journalism. No one has issue accepting the fact that Mallaya, other corrupt millionaires billionaires are fraud. Except why are these BJP bakths so much invested themselves to defend Adani and has issue in accepting the fact that Adani nis a Fraud?
@@North_Lights Where did i say short selling is illegal you dumbf*ck. Stop drinking pappu mutra if you hate India so much just leave India we don't need anti national rectums.
@@North_Lights If you have balls go short the market with them but you won't d-ümbfùç*. Only anti nationals will believe white skin just because they're white skin you have internalised racism. Please leave India if you hate this country so much. Independence day is upcoming we don't take orders from west anymore must really bother you
@@shailkins20 There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
Just read ANI's posts and Hindenburg's X posts. You'll understand the whole issue succinctly. Shekar Ji talks in circles and is confusing, sometimes even to himself :P
Shekhar ji, at 6:35 in the video, you use the word "equipments". Kindly note that the word "equipment" does not have a plural form. It is a non-count noun and is used in the singular only. There is no word "equipments." Thank you. 🙏
this wil hapen if corporate linked people are made regulators chairman, earlier they were IAS and other , who generally have govt. service under their belt, not corporate roles., if at al technicaly no action was made by sebi in any favour of any corporate, still questions will rise
I am waiting for Malikarjun Kharge to file a court case using Hindenburg's report as evidence against Adani and Sebi chairman. That will be proof of real meat in the allegations.
Good that Hindenburg is acting in the interest of Indian shareholders! Will they reveal how much did they make from their last attack on Adanis?They have done a service by deflating the Indian market just when it has heated up too much.
But, in Buch's reply statement, she says they were assured by Anil Ahuja, that none of the money was invested in Adani companies. He probably meant direct investment or bonds of Adani only. My main issue here is can a person be director of Adani Power followed by director of Adani Enterprises, while working at the same time as CIO of IIFL's offshore funds? Isn't that like working for two different private companies and obviously a conflict of interest on behalf of Anil Ahuja himself?
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
@@adityabhatt6746 Read the documents. Do you understand finance and what money laundering is? Do you know what public shareholding norms are and what determines share prices? The suspicionwas expressed by many in India before Hindenburg. That is why, no brokerage covers Adani even though it is in Nifty.
@@adityabhatt6746 All mutual funds portfolios are available only. Go see how much they hold of Adani companies despite being a Nifty company except QUANT MF. You can even check foreign run MFs also like Franklin Templeton. Compare it with the rest of the NIFTY index and then go back in history and see when Adani holdings drop off. You can also check the PE values as well as financial statements of Adani group for past 10 years and compare them to the other most valuable companies. If Hindenburg is doing it intentionally to damage India, then Adani is NOT the one to target.
The entire financial industry is run by GUJJUs, Marwadis & banias and THEY are not holding the Adani stocks for long term at all except Adani Ports since several years. Why? Yet, it keeps racing ahead of the rest of the stocks. Why? Compare the balance sheets with any Tata company or Godrej company or Jindal company and try to find the reasons for the valuation. Then, if you really know how the market functions, you will realise the disparity. Adani is NOT Tesla or Microsoft. It does NOT do anything innovative or niche business or high moat business. Far smaller companies have built far more airports and seaports in India. Coal trading is done by many companies. And finally the debt.
@@maheshdocherla how much is P/E ratio for Nvidia atm. 😂 What is the P/E ratio of tech companies and several other companies. Those fundamentals are meant for investors who take into consideration several other aspects. And with regard to my knowledge and understanding of finance and money laundering is concerned you will be surprised, I can promise that I can school noobs like you any given day.
The constitution has always been interpreted differently for the wayward rich & the common man. The new trend is the leaders of industry & judiciary shamelessly supporting the wrongdoings of the rich close to the people in power. It appears that the entry of the lady into SEBI itself was part of larger plot. Thank you for your efforts to unravel the possibilities, without biases.
Why has Adani stock price not reached the levels before the earlier report Why is Indian money being used to route abroad and through dubious companies and invested in Adani companies creating artificial shortages to jack up the stock price Why is the regular holding stakes in Adani companies registered abroad
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
Every human is prone to corruption. That doesn't mean everyone will file case on everyone and we will spend our entire awake time, investigating each other on suspicion. Proof is needed.
You have forgotten to mention that Anil Ahuja was a director in Adani Power for 9 years during the time he was managing the fund in whicjh Buch's had invested. With this the connection with Adani is crystal clear. Please clarify to your viewers.
There should be a transparent investigation on the allegations and necessary actions to be taken by the government This should include severe actions on those who are supposedly trying to destabilize the Indian economy in collusion with vested interest groups.
Wowww... With all good talk Shekar made me realise We should not believe Hindenberg -- basically a company that is always trying to make money by short selling.. shekar and team have to probe deeply who is supporting / propping up Hindenberg and why?
Indian democratic institutions which are to protect the interests of public, proctects the interests of politicians and crony capitalist. Pl. first resign and prove your innocence without defending the case while holding the post.
At this point, we should set up a separate permanent and full-time investigation agency (like ED or something) to investigate all allegations coming from Hindenburg at regular intervals or at the onset of all Adani IPOs 🤣🤣. And make sure this new agency is constitutionally recognized at the level of CBI!
Shekhar ji please don't (I know you won't) let these comments affect what you wish to cover. The people who need this coverage would never say thanks in the comment but your detractors would make sure you know this. Anyway you know all this anyway, you are far more experienced.
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
A critical mistake Shekhar has made - Vinod Adani is not an NRI. He has a Cypriot citizenship. Also, you didn't Cut any Clutter. It felt as if you were a spokesperson for Hindenburg. Why has Hindenburg released his client list?
Shekhar sir I respect you a lot and a consistent regular watcher of your CTCs and National Interest videos. But here, with great respect sir, I wanted your opinion which you have not given. My opinion....... My respect for the SEBI chief would have greatly elevated if she had made the right disclosures to the right people at the right time when the Adani's controversy came up. I am a stock market investor and I have invested my hard earned meagre money and my life and future depends on this money and I believed that Sebi was there to protect me. Sir your opinion sir. Please.
The first Sebi Chairman, Mr GV Ramakrishna, soon after he accepted office, instructed sale of very small qtty of physical shares (inherited by him from his father) in State Bank of Mysore. Such level of probity is very rare. I think Mr CB Bhave also practiced highest degree of probity KRL Raju, former President of Bangalore Stock Exchange 1993-95
I don’t see his videos but Even without seeing his video one can be assured that this guy will try to bring some seemingly logical defence for our sebi chief and especially with his Adani connections 😄😄
Indian mindset accepts billionaires who don't do any business or job like Rahul, Akhilesh, Pawar, Lalu and Family ganf and so on but always point fingers on the self-made people rising and working. One can easily understand thr amount of investment on which "insunuations" are raised would be a peanut vis-a- vis their networth.
All the data is in the public domain, nothing was done quietly otherwise one would not find any connection. To allege that they received 2 crores as quid pro quo id rubbish. A PE founder would earn 10’s of millions of dollars in salary, so this is just rubbish. No question that this is a malicious attempt by Hindenburg to avoid show cause notice as it continues its nefarious actions of publishing baseless allegations and profiting from short selling
Nothing wrong with taking advertisements. The problem is advertisers and the advertising agencies are still in the era of TV advertisements. For digital media simple ticker advertisements work well.
Could anyone please clarify a question that I have about Adani stocks? If most of the stock holdings are held by Adani and proxies, how did the Adani stocks go down so much? Who was selling and why could they not manipulate back to the previous high?
There is no iota of evidence to back what Hindersberg is saying. It's like tomorrow some person says Rahullah Khan is the son of Ahmed Patel, not Rajiv Khan and get away with it. Santonia Pinto was too close to Ahmed katua.
@@palimastana questions by who? A foreign organisation which has raised unsubstantiated and insidious questions? Hasn’t Hindenburg being sent a set of questionnaire from SEBI which they didn’t reply instead they choose to target the SEBI chief with malicious and unfounded allegations. They are shoot and scoot organisation who are hand and glove with opposition leaders like Rahullah Khan to bring down India and its economy.
@@shantanudutta1539 I said SEBI. I didn't say anything about Adani. I don't care about Adani. Dragging SEBI chairperson with distant associations, to create suspicion, exposes Hindenberg's desperation.
And you see no conflict of interest in any of these 3 allegations? I don't care what is Hindenburg's business model or their short positions but this reeks of misgovernance and potential corruption. And that impacts India and common Indians.. Needs independent investigation
@@shailkins20there may be conflicts and they are saying they have disclosed these conflicts, where relevant. I agree that they need to investigate independently and close the matter if there was no hanky panky. However, you can’t not care what Hindenburg’s business model is. That may be the significant contributor to these allegations.
if equipment is over invoiced it become income tax issue , as adani group will be taking depreciation for these items at higher cost, if it is consumables then it reduces profit, again paying less taxes.
Something does not smell right …. The Indian investment community that works the market ( makes the market ) has been ruled by ex Big bank executives ( citi … Morgan … JPM… DBS…Blackcock … Sequoia …) and legacy brokers sitting at BSE and NSE … why did Ms Buch not exit her position in Adani stocks ( including husband … family .. close friends … dogs and puppies )when she took up a leadership position in SEBI …. Did she declare it when she took up the chair …somehow these EX ICICIC / IDBI leaders fall foul in terms of ethics… and does not SEBI investigate or do self declarations of conflict holding periodically to ensure probity …
My question is why Hindenburg focus on India and that too only on Adani groups? Why not others? Obvsiouly Adani Group is forcing Hindenburg Short positions to long term positions, which in turn bleeds Hindenburg Financial position. So Hiddenburg now accuse the SEBI Chief.
The second set of charges are something, that must be pondered upon. Conflict of interest charges are heavily politicized. One might look at the office of profit charges against AAP, where 20 MLAs were suspended & the Delhi HC revoking the suspension. In contrast to that one can look at the parliamentary committees on matters such as tobacco consumption and many others where the member politician is somehow related to the industry. When you get a lateral entrant like Madabhi Puri Busch, links of past would obviously emerge. What's worrying however, is that this would strengthen the institution of Bureaucracy.
I keep hearing SEBIs response, SEBI has said and so on.. who is SEBI!!! Other than the highest ranking officer who is giving those responses and what validity does it hold??
As of August 14, 2024, the Securities and Exchange Board of India (SEBI) has not publicly released any conclusive findings on its investigation into the 13 offshore entities tied to the Adani Group. Background SEBI initiated an investigation into these entities following the Hindenburg Research report in January 2023, which alleged that they were used to manipulate Adani Group stock prices. In May 2023, SEBI informed the Supreme Court that it had "drawn a blank" in its attempts to identify the ultimate beneficial owners of these entities. The investigation has been ongoing since then, and SEBI has faced criticism for its perceived lack of progress and transparency. Recent allegations by Hindenburg Research further complicate the matter, claiming that SEBI Chairperson Madhabi Puri Buch and her husband had investments in offshore funds linked to the Adani Group, potentially creating a conflict of interest. Current Status SEBI has not officially commented on the Hindenburg allegations or provided any updates on its investigation into the 13 offshore entities. The Supreme Court-appointed expert committee is also examining the matter and is expected to submit its report soon.
Ajay Tyagi was replaced by Buch, and this is a change that BJP government did. Ajay Tyagi was strict on filing cases against corporate corruptions in the market. And he was replaced by Adani's childhood friend Madhabi Buch. These Gujju gangs are looking shady, needs to be investigated.
