There are multiple people coming to the comments to back up Adani despite it being impossible to actually have watched the entirety of the video based on comment vs publish time. I don’t know if it’s bots or people hired to do damage control, but it’s annoying.
I'd say that was an oversimplification of what happened with Herbalife. Carl Icahn started using the stock as a way of getting back at Ackman. Plus, it was quite surprising to many that regulators didn't step in. I think most informed people found the thesis behind the Herbalife short to be quite strong.
He even played a clip showing Carl Icahn and said nothing about it, almost as if he did zero research and had no idea what he was talking about. "How lazy reporting works"
@@CAHSR2020 I think his specialty isn’t fraud or forensic accounting, and I don’t think any of the other finance TH-camrs specialize in it either and it… shows.
you can't even imagine how well connected politically this family is, many people in India thinks he is the real prime minister not Modi. After Modi came in power in 2014 he just propped up to become India's richest mainly through uncontested state assets aquisitions, or pressuring under businessman to sell assets using state power and obviously tax evasion and frauds.
Yeah I asked someone I know who specializes in this and said “so this is basically a government slush fund” and subtly got the indication it’s true. I read this entire report and the video really misses the allegations (and evidence) of corruption. Because it’s a lot.
Another reason company stock was expensive was because they supposedly has top political backing so Indian investors thought no risk of company going bad.
There isn't a big business in the world that does have some political backing. Most of these accusations only partially legitimate. None of this is whistle blowing, it's all publicly available info. And in reality none of this is completely illegal and is international standard practice. This is geopolitically and politically motivated move executed by 2nd rated hit corp. Markets run on sentiments not logic. As for unknown auditors, there have been scams where companies have been audited by known auditors with experience of 25-30 years. There's alot of foreign banks that have funded Adani including in US. You think they don't know about this? Then don't know how to do due diligence? After this episode of hit job, do you know UAE invested in Adani as soon as it fell? Hindenburg is an unknown (no registered address, no known team members) 2nd rated activist "research" organisation that makes money by short selling. They earn by "researching" companies for their clients (which are other companies that short sell). Any CA who has been inside the industry knows about things I have said. It's not rocket science to pump share price by numerous authentic companies, they can stay under the radar. You think Tesla wasn't systematically spiked? It's a clear example of inflated shares price. TH-camrs just like to milk a topic overblown by media.
No. Literally no institutional investors owned it, and it is not know if anyone why didn't work for Adani owned it either. It was all a scam to get banks to give them huge low interest loans so they could buy up factories and such.
Yup, corruption runs deep. The downside is that when a completely different party comes to power companies like this have a high risk of going bankrupt due to their debts being called and their crimes being prosecuted.
@@userunknown7675 That unfortunately won't happen. The current govt can't be replaced for at least next 50 years. They have complete stranglehold on Indian politics and Prime Minister Modi is perceived as a Godlike being by Indians.
@@hirakchatterjee5240we are seeing pakistan bangladesh and Sri Lanka we are good with what we have at least not a person who is with the people who hates india from the bottom of their heart
It is being investigated by the Supreme Court. Most of the accusations are quite harmless. Only a few of them are serious but we need to wait for the investigation. One thing to remember is Adani is not India. India's stock market did great even when some of Adani's stocks fell by 50%. I see it as a healthy correction.
I live in Brazil, it's eering the similarities with India's economy. It's truly horrifying what a corrupt government can do to a country within capitalism. The same people/companies run Brazil for decades -- not talking about Lula, every politician and political party is just a gear in a much more complex system. They bend the law however they like to enrich themselves (and their associates) at the cost of the quality of our lives.
India is not a capitalist or socialist country it's a mixed economy!! And laws here are mostly made thinking of the industry not a company. But if few companies are carrying the industry, then they should be defended.
@@menthilalmenathwala3952And companies that practice monopoly should never be protected by common people. Heck! Not even companies that do not practise monopoly, billionaires in general should be illegal in a practical democracy.
@@mintrelsmith What a coincidence bro😂😂😂 You're asking it to the wrong person. I do respect him. He is the most powerful leader in the country. He is absolutely powerful there. He got 20 million slaves to be exact. And he's extremely brave..to the point that he threatens the USA. Not to mention, he would have provided his country with more facilities if there were no sanctions on North Korea.
I remember you or someone else telling me about this guy; when I heard about him I thought to myself "There's no way he got that rich that quick and diversified his holdings this much through legal means, he either had help from corrupt individuals doing shady deals or was lying to a lot of investors."
This happens a lot in the turdworld. Someone of modest means gets a key government connection, then suddenly makes stupid money which is used to fund cash acquisitions while everyone around them struggles to turn a profit.
Big projects that clearly piss off the locals and disrupt our jobs/income... but the government still wants to give them the go ahead? Kickbacks and corruption. Until we tar and feather our politicians and their families for selling out Australia, it will in some way or another, continue to happen.
This is half the story, well 10%, the real story is the Nexus between Modi and Adani. Modi literally offered ports, airports, cement companies, power plants, coals tenders, logitcs, media, telecom etc etc for peanuts. Govt agencies raid companies and Adani buys them soon after, that's the story with almost all the acquisitions.
Your ignorance is so cringe. The place where Adani is building ports is such a bad land that the mount that needs to be invested is astronomical, that's is why the land is cheap. The most of other things are bought through bidding. Adani was pretty tight with congress when they were in power, good political relations is a requirement for all big business around the world.
Adani also very vocally supported Modi back when he was a disgraced governor. I initially assumed allegations of Modi's involvement were political propaganda, but now it seems likely.
So, in an interview, Adani said he has the lowest bids in any project he's given, one way to afford those low bids is having little to none profit margins on the projects, but purely to keep a positive sentiment on its stocks. How does he afford that? Simple, have majority of approx. 85% shareholding publicly (and via offshore companies) in most of its companies. Which then makes it a low float stock. Pledge those shares, and pump it up from the lended money. And the thing about such a low float is, for example, if you buy the stock by 1 billion, the stock value could go up by 3 billion. So, now u have a bigger value, which u then pledge and continue this never ending process. It's pretty similar to a ponzi scheme.
@@smallpotatoe9487 lol! You make a wild accusation in one statement and in next you pronounce the accused guilty! Very much like islamic & Christian courts of yore which presided over blasphemy accusations ! The guy on other side was always damned
The regulators did eventually force HLF to change their business model, which IMO largely substantiates Ackman's position, but chose not to punish past behavior in any serious way. A fascinating discussion presented like a cheap meme by a lazy author who either knew nothing about the topic or did not care to take the time to properly educate his audience.
@@CAHSR2020 according to people who are familiar with business spaces, a LOT of people have biases against short sellers because they expose fraud and complacency, and therefore work against vested interests. It’s weird he doesn’t disclose that about himself, especially since fraud investigations are definitely not his expertise.
Not only that, but because India doesn't have a free press, and they all march in lockstep with the Prime Minister Modi who appears to benefit from the fraud, the Indian Press is in full "Attack Hindenburg" mode.
Adani is just one of the Cronies , There are several more Business houses this Modi government helps in return for huge donations and support for winning elections. They dont care if common man suffers.
There are many indian nationalists who are really hurt to see their proud figure being exposed that itself by a foreign entity..You can see how painful they are in by their comments..So happy to see this adani is exposed now..I am myself an indian not an over proud nationalist though..😁😁
Wish his math was better, though at 3.45 th-cam.com/video/3VqjOgPHVdg/w-d-xo.html 87,760.79 is 5.07% of peak market value of 16,89,431.79 5% and not 50% as he said Basic math, basic math
There was nothing in the Hindenburg report that wasn't already publicly known. There is no large company in the world that doesn't have entities in tax heavens.
Hey, just updating you may need to consider the politics in India as well because Indian banks have a track record for forgiving debts for business men close to government leader ship😅
Yeah the actual report goes into the potential ethical and legal corruption issues and that’s kind of… glossed over? In the video. Which is very strange.
Adani has certainly manipulated stocks to use as much debt to aggresively buyout companies but they are far from fraud and not certainly like Nikola. Adani owns Mundra port which literally handles 30 percent of Indias cargo.. Adani owns thermal power plants coal mine in Queensland, runs six indian airports , infrastructure projects and many more... It will be interesting battle to see who wins.
Watch the video, bud. He explains in it, that the business in itself is there, but the family uses shady offshore holdings companies to manipulate the price, while owning up to 85% of the companies themselves, and that most of the companies are headed by family members without proper qualifications to run the companies efficiently. I mean look at the Adani stock price, the spike it had is astronomical. It gained like 2500% in 2,5 years. The whole thing just smells, you don't have to be a financial professional to see it.
Adani shares are 50 times over valued coz of stock manipulation and fraud.... investors have been overpaying his shares for decades... He is nose deep in debt, he fakes profits to kick stock prices... Those people who advice public invest in Adani shares are brokers and yesmen on Adani payroll avoid adani... Adani corp is the Lehman brothers of India....
As an Indian, unless the government changes next election (which it probably won't because Modi has no serious competition), no one's prosecuting Adani, between him and an American hedge fund, I really don't know who I'd want to see lose more badly, can't they both lose?
@@luckyo1479 same. Adani is a greedy person. I don't like him. But I hate Wall St even more. Which is why I want the smug American company to fail. Americans feel that they can play with any country's economy & any company. About the time they learn their place.
Most likely both will win, Adani despite being overvalued still owns ports and govt contracts. Worst case scenario it’ll continue financing itself through selling shares as opposed to debt and become less ambitious with future projects. Hindenburg will most likely make a nifty profit on the dipping share price (if it hasn’t already made a killing) and will continue going about its business. Despite the cynicism the people might win too, Adani group might be forced to run things more transparently or atleast will hedge themselves better with good business practices (not taking on a lot of debt for future endeavours) and we’ll have a more competent state sponsored business.
The 3rd richest man definitely pulled the the world's biggest con. Now the question is will he be able to pull the world's biggest escape and what will be the consequence of this.
He will legitimize his scam because they invest their debts on highly profitable businesses like port and logistics power etc and current government is not going anywhere within next 5 years so they have plenty of time to turn the ship around
What a fantastic move by the Indian government, hesitating to investigate a symbol of national pride. This will definitely inspire confidence, domestic and foreign, and build on that pride. No flaws there!
@@Shubham_Bahirat What's the point of defending a fraudster? And where did they even say that? Aren't you projecting too much? Indian government have been very complacent about scammers and fraudsters. Even the police can be bribed easily. Be prideful about it as it's easier to make money in India by scamming people. 😂
Adani group has 2 strengths - 1) Huge debts backed by huge and money making assets like ports, mines, airports, highways, solar farms, etc. So as far as Non performing assets go, they are secure. (For those who don't know much about india, the only time regulators intervene in india, is when there is risk of NPAs to indian banks) 2. Most of adanis creditors is the indian government. They have bagged lucrative infrastructure contracts that ooze money on a regular basis. Those high risk renewable projects you talked about all have government buy back guarantees. So as far as fundamentals go, Adani looks to be on secure ground. 2)
well the company is doing well, we all know that. but the point is not how good the company is doing is how OVER value the company is. adani is using insider trading to pump up the price of their stock that is they key reason here.
@@jackli6592 that's the accusation but backed by zero proof. All I see is a company doing well and a short seller spewing accusations without any proof. Any logical individual would call it a lie.
And this is why all indian companies should be delisted from foreign trades, they have different rules and should not be allowed to trade or use their stock as collateral with foreign banks
@@rutvikrs shell companies laundering money worth billions and rotating that money to swell its companies stocks artificially avoiding taxes looting peoples money kept in government banks and insurance companies taking huge loans against artifial swelling of fake stock prices
You gave example of musk,zuckerberg ,bezos that their stake in their respective companies are less but you didn't considered the fact that it's a dual class share structure allowing them to own control over majority of company and in case of adani groups they don't have such dual class share structure so only way for them to retain control and still get the money is by way of debt financing.
@@mefisto05s.20 I fail to see how that makes it not a problem that he's being propped up by the government. That just adds another source of potential problems that could collapse the corporations.
@@Demmrir I'm mentioning a reality of big businesses. It is not limited to Adani. Literally all big businesses around the world needs political support in some form or other. Who gets maligned depends on if they pay the media. The business of media is the business of extortion.
Not selling most of the shares is common in counties that don’t have a highly develop stock markets, people just don’t trust in the shareholders, and there have been many cases where people buy shares just to cause trouble and try to implode the company
People commenting here are acting like they're so pure, these people just talk out of jealousy. These are the same people that'd do anything just to get money or to get something done.
Just a small point- I don't think Hindenburg directly shorted Adani Group stock. They used "U.S.-traded bonds and non-Indian-traded derivatives" so exit liquidity is likely not an issue for them
Man, this video was actually the most unbiased video I have ever seen about this whole adani hindenberg saga. Good job guys really appreciate your work💯
Props to explaining the conflict of interest with hindenburg. Even though this group seems really shady, it's super important to understand all the context behind them to make unbiased reviews.
One issue with your video is that Hindenburg say they are not shorting through equity, they are shorting Adani debt on US Markets. FT reported it may have also built it up through derivatives linked to India stock indices, but it seems to be speculation...
All are so consumed that nobody pointed this out.. And HB might have already profited by squaring off the bond positions by selling bonds to 'Stressed asset' Hedge funds
The BetterHelp ads are disappointing to see from this channel. At this point, it's widely known that BH sells massive amounts of user healthcare data, employs unqualified "therapists"--who themselves are incredibly over-worked and under-paid.
ThinkSchool made a great video on Hinderberg allegations and debunk all the charges against SEBI chef and Adani, whereas this guy is all rants no theory
In the end Gautam adani won his networth has again reached 100 billion (still less than 130 billion in 2022) but it's growing. This time hindenburg group made a big mistake, nate anderson underestimated the true power of adani. Indian market is different than US market, also nate anderson (and george soros) made some really powerful enemies, let's hope anderson does'nt end up like jamal khashoggi.
Now the real question is if the 13.6% of soul that Mark has are the same 13.6% that own Meta or is it a different 13.6% of him, aka the one with no soul that owns Meta?
One thing to note is Adani is an infra group and not a software firm. The own steel plants, power plants, ports and construction related business. They have large factories, land, offices, machineries, planes, ships and cars so they have real tangible asset in huge own. They own monopoly over certain sectors in India and many countries. An infra firm with such real estate and monopoly will always have certain lowest point till it can fall. There stocks wont tank to near zero like in case of software firms. This thing is pretty much true for almost any large infra firm.
Adani is like a genie of Modi government. They ask him to buy other countries ports, he buys them without any question, they ask him to buy neighbouring countries power grid rights he buys them without any question. It seems like Adani is one of the sword for Indian government to assert dominance on other countries.
1 year later, his businesses are doing good. Hindenburg research published another report and got their ass handed to them. And every state government in India regardless of BJP or Congress is working with Adani group companies.
When I see stuff in the news like this, my first thought is, “I hope HMW or The Plain Bagel make a video on this so I can get the real story without all the nonsense.”
Dear "how money works", you should upgrade your game by learning about geoeconomics. These people are more geopolitical actors of their countries (or foreign countries) rather than businessmen. If someone doesn't dive into that, any further analysis will not even scratch the surface of how the game is actually played.
This dodgy practice of share holdings owned by offshore entities is an old problem with an easy fix but need political guts to execute. All they need to do is make a law that the offshore entity either has to nominate the ultimate (real person) beneficiary or any dividends or payments to that offshore entity is taxed severely.
Indian government and authorities will never investigate adani because he is ruling party's one the biggest supporter and good friend of PM Narendra Modi
Great video. you've reminded me of what someone once said ❤ Your assets are your employees. Invest more on those performing well. Let the non-performers go
when you belive you got good busniess and fame if not from the loyal workers? Your brand will fall or rise due the services and products you offer and the quality.
The investors put money because the company make good money, and than they want the company to change? maybe this family management it's what make them so big?
Can’t Hindenburg’s practices be market manipulation? No matter whether or not they’re saying the truth they can cash out in the reaction to their research reports
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Roger mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@@EvanQuiel4 That's true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@logisticsdelivery She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Hindenburg make a money by slotting stock making billions of dollars this trick work Adani group use your own brain only indian money 16 percentage and 84 percentage is out of country out investor have own investigation did not get anything but hindenburg get how
@@harshgarg7542 nah man plenty of indians I know that are honest good people but you look at this adani guy (and his lifestyle) and I think it's rational to not want him to be anywhere near my money, not a race thing
@Shahriar Alam No, it is argubaly a race/demographic thing. Note the "people who even look like fraud," part PLEASE! What you are saying and what the OP said are two different things. Perhaps your perspective is shaped from being unaware of the stereotypes Westerners have about Indian people. They now think that we're all scammers because a tiny wincy, not even 0.1% of the population called them scamming. The scam exposers also create these narratives to Westerners that they're the only ones basically being affected as if these scammers don't mainly scam Indians. Ergo, negative stereotypes for us. I don't even care if OP may be brown, it still enables racist ideas about us. Wouldn't doubt that some people liking his comment perceived it in that fashion!
Some question for Adani's investor, Can any of you see it? Stocks jump in matter of months, which it took them almost a decade to reach the same results before, Commodity price hike is cyclical, incoming recession which would prompt people to spend less and yet the stocks still rally, it just like Elon and Tesla but a lot worse
Hi, there a couple of my friends invested in adani ports when it was 40% down . My opinion was to simply stay out of it, their reasoning was ports has a good PB ratio so won't sink , and PE of 13 which is also ok on fundamentals.
BJP will never prosecute Adani, adani literally pays 80% of BJPs fund
yeahhh babbyyyyy
Googling... Reports say that party is getting 80% of "campaign donations," it doesn't say it's from Adani.
I think you're confusing INCs corruption with that of the BJP
No tata does
@@jdamsel8212 they are both corrupt
There are multiple people coming to the comments to back up Adani despite it being impossible to actually have watched the entirety of the video based on comment vs publish time. I don’t know if it’s bots or people hired to do damage control, but it’s annoying.
Bots
This is a national issue now and not reading the (allegedly) in the title
@@odeball22 Those bots... are working together!?
of all things im thinking some people that *werent* paid or bots
like. actual random people.
Or watch at 2x (or even more) speed?
Just an assumption
I'd say that was an oversimplification of what happened with Herbalife. Carl Icahn started using the stock as a way of getting back at Ackman. Plus, it was quite surprising to many that regulators didn't step in. I think most informed people found the thesis behind the Herbalife short to be quite strong.
He even played a clip showing Carl Icahn and said nothing about it, almost as if he did zero research and had no idea what he was talking about. "How lazy reporting works"
@@CAHSR2020 I think his specialty isn’t fraud or forensic accounting, and I don’t think any of the other finance TH-camrs specialize in it either and it… shows.
Herbalife has just too much of a cult following among its clients.
Except Herbalife revenue is real. 5.1 billion in 22 earning 321.3M.
It's quite sad to see Ackman lose against that MLM. His position was really strong but somehow the feds didn't even bother.
you can't even imagine how well connected politically this family is, many people in India thinks he is the real prime minister not Modi. After Modi came in power in 2014 he just propped up to become India's richest mainly through uncontested state assets aquisitions, or pressuring under businessman to sell assets using state power and obviously tax evasion and frauds.
Yeah I asked someone I know who specializes in this and said “so this is basically a government slush fund” and subtly got the indication it’s true. I read this entire report and the video really misses the allegations (and evidence) of corruption. Because it’s a lot.
"many people in India thinks he's the real PM" Bruh, no one thinks that.
@@gabbar51ngh Many do
@@gabbar51ngh bruh
@@theoriginalrudeboy2916 nobody
Another reason company stock was expensive was because they supposedly has top political backing so Indian investors thought no risk of company going bad.
Also short selling literally banned in India.
I mean you have to close short position EOD.
Every Indian company has political connections...
There isn't a big business in the world that does have some political backing. Most of these accusations only partially legitimate. None of this is whistle blowing, it's all publicly available info. And in reality none of this is completely illegal and is international standard practice. This is geopolitically and politically motivated move executed by 2nd rated hit corp.
Markets run on sentiments not logic. As for unknown auditors, there have been scams where companies have been audited by known auditors with experience of 25-30 years. There's alot of foreign banks that have funded Adani including in US. You think they don't know about this? Then don't know how to do due diligence? After this episode of hit job, do you know UAE invested in Adani as soon as it fell? Hindenburg is an unknown (no registered address, no known team members) 2nd rated activist "research" organisation that makes money by short selling. They earn by "researching" companies for their clients (which are other companies that short sell). Any CA who has been inside the industry knows about things I have said. It's not rocket science to pump share price by numerous authentic companies, they can stay under the radar. You think Tesla wasn't systematically spiked? It's a clear example of inflated shares price. TH-camrs just like to milk a topic overblown by media.
No. Literally no institutional investors owned it, and it is not know if anyone why didn't work for Adani owned it either. It was all a scam to get banks to give them huge low interest loans so they could buy up factories and such.
@@pajeetsingh To be fair, they banned it because stock exchange officials were inside trading, shorting before delisting and such.
He's involved with the government. That's a huge factor in this situation
Yup, corruption runs deep.
The downside is that when a completely different party comes to power companies like this have a high risk of going bankrupt due to their debts being called and their crimes being prosecuted.
@@userunknown7675 That unfortunately won't happen. The current govt can't be replaced for at least next 50 years. They have complete stranglehold on Indian politics and Prime Minister Modi is perceived as a Godlike being by Indians.
@hirakchatterjee524 phuk ke baitha hai kya dalle
@@hirakchatterjee5240we are seeing pakistan bangladesh and Sri Lanka we are good with what we have at least not a person who is with the people who hates india from the bottom of their heart
@@userunknown7675Alafu huyu ndio fala ruto anataka kuuzia airport damnit!
It’s so sad that these videos keep coming so rapid fire that they become so non-shocking. Corruption is coming out of the woodworks
Adani or hindenberg?
Hindenberg ofc
It is being investigated by the Supreme Court. Most of the accusations are quite harmless. Only a few of them are serious but we need to wait for the investigation. One thing to remember is Adani is not India. India's stock market did great even when some of Adani's stocks fell by 50%. I see it as a healthy correction.
Corruption is *in.*
Get w/the times and go indulge your desires.
This is a good way of putting it I thought it was becoming normalised but it's also partly desensitisation
I live in Brazil, it's eering the similarities with India's economy. It's truly horrifying what a corrupt government can do to a country within capitalism. The same people/companies run Brazil for decades -- not talking about Lula, every politician and political party is just a gear in a much more complex system. They bend the law however they like to enrich themselves (and their associates) at the cost of the quality of our lives.
It's really easy to become rich when your corporation is the size of a country
Socialism is what ruins the country not capitalism.
India is not a capitalist or socialist country it's a mixed economy!!
And laws here are mostly made thinking of the industry not a company. But if few companies are carrying the industry, then they should be defended.
@@menthilalmenathwala3952Yes, India is an oligarchy owned by industrialists and politicians.
@@menthilalmenathwala3952And companies that practice monopoly should never be protected by common people. Heck! Not even companies that do not practise monopoly, billionaires in general should be illegal in a practical democracy.
In India, Adani didn't have any social reputation even before Hindenburg report. ☺
I respect him for his hard work rising up from poverty
But he is respected for his sucess. Where is your billion dollar??
@@the_coolest_man_on_earth you must have invested in his stocks😆
@@cerveauy8782 then u can even respect Kim John of North Korea😆
@@mintrelsmith What a coincidence bro😂😂😂 You're asking it to the wrong person. I do respect him. He is the most powerful leader in the country. He is absolutely powerful there. He got 20 million slaves to be exact. And he's extremely brave..to the point that he threatens the USA. Not to mention, he would have provided his country with more facilities if there were no sanctions on North Korea.
I remember you or someone else telling me about this guy; when I heard about him I thought to myself "There's no way he got that rich that quick and diversified his holdings this much through legal means, he either had help from corrupt individuals doing shady deals or was lying to a lot of investors."
He is backed by the criminal prime minister of india.
This happens a lot in the turdworld. Someone of modest means gets a key government connection, then suddenly makes stupid money which is used to fund cash acquisitions while everyone around them struggles to turn a profit.
Por que no los dos?
@@colinhobbs7265 and the crowd cheers in jubilation!
‘Corrupt individuals’ 😂 Take your pick 😂
We've been trying to stop Adani here in Queensland for years. Wonder what our state government thinks now of their great jobs idea.
That's over an unrelated matter, though.
Big projects that clearly piss off the locals and disrupt our jobs/income... but the government still wants to give them the go ahead? Kickbacks and corruption. Until we tar and feather our politicians and their families for selling out Australia, it will in some way or another, continue to happen.
All those non-existent Adani jobs might disappear.
I was just thinking about that! I hope Adani goes down sooner rather than later!
@@samsonsoturian6013 it isn't though
This is half the story, well 10%, the real story is the Nexus between Modi and Adani. Modi literally offered ports, airports, cement companies, power plants, coals tenders, logitcs, media, telecom etc etc for peanuts. Govt agencies raid companies and Adani buys them soon after, that's the story with almost all the acquisitions.
Your ignorance is so cringe. The place where Adani is building ports is such a bad land that the mount that needs to be invested is astronomical, that's is why the land is cheap. The most of other things are bought through bidding. Adani was pretty tight with congress when they were in power, good political relations is a requirement for all big business around the world.
💯
@@mefisto05s.20 how much did he pay you to post this cringe?
Both of them are criminals and should be locked up at a dark site prison.
Adani also very vocally supported Modi back when he was a disgraced governor. I initially assumed allegations of Modi's involvement were political propaganda, but now it seems likely.
So, in an interview, Adani said he has the lowest bids in any project he's given, one way to afford those low bids is having little to none profit margins on the projects, but purely to keep a positive sentiment on its stocks.
How does he afford that?
Simple, have majority of approx. 85% shareholding publicly (and via offshore companies) in most of its companies. Which then makes it a low float stock. Pledge those shares, and pump it up from the lended money. And the thing about such a low float is, for example, if you buy the stock by 1 billion, the stock value could go up by 3 billion. So, now u have a bigger value, which u then pledge and continue this never ending process. It's pretty similar to a ponzi scheme.
Is it illegal ?
@@caaryancr3094 yes, It is. I've not seen any companies which indulge in only pumping up their stock prices on borrowed money.
@@smallpotatoe9487 lol! You make a wild accusation in one statement and in next you
pronounce the accused guilty! Very much like islamic & Christian courts of yore which presided over blasphemy accusations ! The guy on other side was always damned
@@manh9105 crime and punishment 💯
@@caaryancr3094 Yes. See where Adani stands now.
The main reason why authorities in India might look the other way is because Adani has had close ties with the current premier of India
@@shahad-pj3ff go home kiddo, brain it out is waiting for u
@@shahad-pj3ff jerk
That's irrelevant when the Supreme Court is looking into it.
What does the US government do after US Banks collapse within 24 hours.
It's the supreme court that said we had once wasted time on it not again.
In reality companies like this get to where they are by being hand in glove with politicians And those who make laws so nothing will happen
Ackman was actually right about HLF, but unfortunately regulators didn't care.
Well he was right but he got the timing wrong
He was right but Carl Icahn had much more power
The regulators did eventually force HLF to change their business model, which IMO largely substantiates Ackman's position, but chose not to punish past behavior in any serious way. A fascinating discussion presented like a cheap meme by a lazy author who either knew nothing about the topic or did not care to take the time to properly educate his audience.
@@CAHSR2020 according to people who are familiar with business spaces, a LOT of people have biases against short sellers because they expose fraud and complacency, and therefore work against vested interests. It’s weird he doesn’t disclose that about himself, especially since fraud investigations are definitely not his expertise.
OmegaPro was a smaller scam in Latin America, but an equal scam in process and structure nonetheless.
I’ll call it now. The Indian government will turn the blindest of blind eyes 👀
Already did
Not only that, but because India doesn't have a free press, and they all march in lockstep with the Prime Minister Modi who appears to benefit from the fraud, the Indian Press is in full "Attack Hindenburg" mode.
Indian people live off scams. Without scams they can't afford things
Not true. It is being investigated by the Supreme Court. The SC is independent of the government.
@@stayreasonablestayreasonab8133 Exactly, independent of the government.
Adani is just one of the Cronies , There are several more Business houses this Modi government helps in return for huge donations and support for winning elections. They dont care if common man suffers.
Indian scammer strikes again
Obsulutly right ✅
Fact is, this has been the case in India before Modi as well.
@@gautamdeusa Always there . Modi government is too bad and supporting many scamers and sending out to other country when they caught.
The fact is this is the case in everywhere ... be it biden gov, Trump, British monarchy ... just that some gets buried under the bushes
Most of the investors were suspected about this group, Hindenburg report has just strengthened thier doubts. So investors belived Hindenburg report.
😭the world believes
Why didn't Hindenburg predict the collapse of US Banks within 24 hours.
Gautum Adani should be treated equally with those who commit corporate fraud and should similarly be punished.
Agree
@@raviramasamy5821 I appreciate for agreeing with me.
He wont be while Modi is in power
@@mszuala robert wadra should be too jailed , scams in congress's late 2000s era
@@mszuala Modi's days are numbered, he will be replaced soon, so where will Adani hide.
There are many indian nationalists who are really hurt to see their proud figure being exposed that itself by a foreign entity..You can see how painful they are in by their comments..So happy to see this adani is exposed now..I am myself an indian not an over proud nationalist though..😁😁
Our Indian lot is a gullible lot. Show them mandir masjid debates on prime time and they forget everything.
What now how proud US citizens feel when overvalued US Banks collapsed within 24 hours.
You must be a fan of motormouth Mahuaa Mōitrâ cretin??
Excuse doesn't mean exposed
Wish his math was better, though
at 3.45 th-cam.com/video/3VqjOgPHVdg/w-d-xo.html 87,760.79 is 5.07% of peak market value of 16,89,431.79 5% and not 50% as he said
Basic math, basic math
4:09 india authorities won't do anything. Adani has strong political support and has bribed a lot of them
Why should India prosecute someone who benefits India.
How usa not do anything against there fraud corporations who just make wats happen for profir
@@ChandranPrema123 just some slave you can't say anything to them 😂.
There was nothing in the Hindenburg report that wasn't already publicly known. There is no large company in the world that doesn't have entities in tax heavens.
The title of this video should be: "how to commit fraud and stock manipulation by accusing someone else of fraud and stock manipulation"
Exactly
Yea............. he still worth 100 Billion!!!!!! White people feel that only they should have vast wealth.
Who are you talking about?
That's everyone lol. Just blame someone else.
How is it fraud and stock manipulation, it doesn't fall within insider trading laws because they aren't an insider, they are a smart outsider.
talks about scam, uses a scam sponsor. OH THE IRONY
😂😂
Hey, just updating you may need to consider the politics in India as well because Indian banks have a track record for forgiving debts for business men close to government leader ship😅
Yeah the actual report goes into the potential ethical and legal corruption issues and that’s kind of… glossed over? In the video. Which is very strange.
Yes indeed
Dr Salim
Perth
Dissing India ? are you a rouge Khalistani?
@@manh9105 great example of the Indian propaganda machine and misinformation trying to suppress facts by dividing the people and creating distrust.
@@manh9105Hi Modi bhakt
0:58 sounds like the last time I got a scam call
They know whom to fool Easily. 😂
😂
@@johnnydoe3603 I know right 🤣 must be in their blood
@@jackdiamond4962Must be in your blood. Because you scammed the native people of america, australia and africa and grab thier land.😂😂😂
Adani has certainly manipulated stocks
to use as much debt to aggresively buyout companies but they are far from fraud and not certainly like Nikola.
Adani owns Mundra port which literally handles 30 percent of Indias cargo..
Adani owns thermal power plants
coal mine in Queensland,
runs six indian airports , infrastructure projects and many more...
It will be interesting battle to see who wins.
Watch the video, bud. He explains in it, that the business in itself is there, but the family uses shady offshore holdings companies to manipulate the price, while owning up to 85% of the companies themselves, and that most of the companies are headed by family members without proper qualifications to run the companies efficiently.
I mean look at the Adani stock price, the spike it had is astronomical. It gained like 2500% in 2,5 years. The whole thing just smells, you don't have to be a financial professional to see it.
Those acquisitions were part of the scam. Allegedly, government contacts rigged bids and changed rules so Adani could buy them for peanuts.
Nope there’s no proof of stock manipulation
it's actually ASPEZ in whole not mundra port only.
Adani shares are 50 times over valued coz of stock manipulation and fraud.... investors have been overpaying his shares for decades...
He is nose deep in debt, he fakes profits to kick stock prices...
Those people who advice public invest in Adani shares are brokers and yesmen on Adani payroll avoid adani...
Adani corp is the Lehman brothers of India....
As an Indian, unless the government changes next election (which it probably won't because Modi has no serious competition), no one's prosecuting Adani, between him and an American hedge fund, I really don't know who I'd want to see lose more badly, can't they both lose?
I hate adani but i want the smug American bankers to loose
@@luckyo1479 same. Adani is a greedy person. I don't like him.
But I hate Wall St even more. Which is why I want the smug American company to fail.
Americans feel that they can play with any country's economy & any company. About the time they learn their place.
If Adani thinks BJP will lose they will just invest in opposition. And nothing will happen 😅
@@RajasNadkarni so true
Most likely both will win, Adani despite being overvalued still owns ports and govt contracts. Worst case scenario it’ll continue financing itself through selling shares as opposed to debt and become less ambitious with future projects. Hindenburg will most likely make a nifty profit on the dipping share price (if it hasn’t already made a killing) and will continue going about its business. Despite the cynicism the people might win too, Adani group might be forced to run things more transparently or atleast will hedge themselves better with good business practices (not taking on a lot of debt for future endeavours) and we’ll have a more competent state sponsored business.
The 3rd richest man definitely pulled the the world's biggest con. Now the question is will he be able to pull the world's biggest escape and what will be the consequence of this.
Knowing Modi I'm pretty sure he can pull that off
And there will be another hindu vs muslim "murder" to divert the attention from this
He will legitimize his scam because they invest their debts on highly profitable businesses like port and logistics power etc and current government is not going anywhere within next 5 years so they have plenty of time to turn the ship around
What a fantastic move by the Indian government, hesitating to investigate a symbol of national pride. This will definitely inspire confidence, domestic and foreign, and build on that pride. No flaws there!
Classic India
@@jonedog2567 yeah bud we get it, your country must be full of angles flying while you boating in choclate river.
@@Shubham_Bahirat What's the point of defending a fraudster? And where did they even say that? Aren't you projecting too much?
Indian government have been very complacent about scammers and fraudsters. Even the police can be bribed easily. Be prideful about it as it's easier to make money in India by scamming people. 😂
@@Shubham_Bahirat yours isnt thats why you go abroad hahahahha
@@BeachSamuraiStudios i don't even wanna go aboard, lol not everyone has slave mentality like you
Adani group has 2 strengths -
1) Huge debts backed by huge and money making assets like ports, mines, airports, highways, solar farms, etc. So as far as Non performing assets go, they are secure. (For those who don't know much about india, the only time regulators intervene in india, is when there is risk of NPAs to indian banks)
2. Most of adanis creditors is the indian government. They have bagged lucrative infrastructure contracts that ooze money on a regular basis. Those high risk renewable projects you talked about all have government buy back guarantees.
So as far as fundamentals go, Adani looks to be on secure ground.
2)
well the company is doing well, we all know that. but the point is not how good the company is doing is how OVER value the company is. adani is using insider trading to pump up the price of their stock that is they key reason here.
Milkar band public ki bjani hai
@@jackli6592 that's the accusation but backed by zero proof. All I see is a company doing well and a short seller spewing accusations without any proof. Any logical individual would call it a lie.
And this is why all indian companies should be delisted from foreign trades, they have different rules and should not be allowed to trade or use their stock as collateral with foreign banks
@@db417 have you read their paper? Or is it the nationalism speaking
Authorities will definitely look the other way because he has connections with the prim minister of India.
Are you from Gujarat? Watch your back
adani got rich by defrauding hard working american people 😢
Adani is NOT a smart businessman. He is just another smart scammer with good political connection.
True
The biggest scammer in history maybe
None of the business works without connections or political connection....not even in heavenly USA... where they have legitimized lobbying
What is the scam here?
@@rutvikrs shell companies laundering money worth billions and rotating that money to swell its companies stocks artificially avoiding taxes looting peoples money kept in government banks and insurance companies taking huge loans against artifial swelling of fake stock prices
@@rutvikrs he bought his own stocks and created a fake demand whch was nver thre and which artificially increased the price of his stocks .
the background music is a bit much, could you tune it down a bit? in some places it nearly is as loud as your voice
You gave example of musk,zuckerberg ,bezos that their stake in their respective companies are less but you didn't considered the fact that it's a dual class share structure allowing them to own control over majority of company and in case of adani groups they don't have such dual class share structure so only way for them to retain control and still get the money is by way of debt financing.
Most corporations are not democracies. Especially ones like Palantir where they have to worry about idiot corporate raiders.
Because it’s irrelevant to the video. The video is about who owns the overall equity of the company, not voting power.
I am an Indian another reason he was able to pull it off is because he us with the leader of the country and both of them support each other
Clearly you don't know anything. He was pretty tight with congress. It's a simple reality of big businesses around the world.
Modani
@@mefisto05s.20 hahhahahahahhaha nice try bhakt
@@mefisto05s.20 I fail to see how that makes it not a problem that he's being propped up by the government. That just adds another source of potential problems that could collapse the corporations.
@@Demmrir I'm mentioning a reality of big businesses. It is not limited to Adani. Literally all big businesses around the world needs political support in some form or other. Who gets maligned depends on if they pay the media. The business of media is the business of extortion.
A foreign racket preying on a local racket. Same difference.
Not selling most of the shares is common in counties that don’t have a highly develop stock markets, people just don’t trust in the shareholders, and there have been many cases where people buy shares just to cause trouble and try to implode the company
People commenting here are acting like they're so pure, these people just talk out of jealousy. These are the same people that'd do anything just to get money or to get something done.
Yeah sad to say but most of them are some middle class kids jinke baap life mai kuch nahi kar paaye 😞
@@harshus4779 true, that's really sad. It's fine we can achieve something by ourselves 💪✌️
Nowadays Mr Adani has changed the dress code from suits to Desi waist coat etc, guess what ?
I can only laugh after 1 year. Overleveraged? Yes. Fraud? HAHAHA
The intro was savage, I feel bad for SBF (scammed by fried)
Update video? Or does this channel not do followup on claims?
Adani has bounched back to such an extent which these westerners never imagined. 🤣🤣🤣
@@mayurkanth6987 😂 and it's fun to watch.
Just a small point- I don't think Hindenburg directly shorted Adani Group stock. They used "U.S.-traded bonds and non-Indian-traded derivatives" so exit liquidity is likely not an issue for them
Man, this video was actually the most unbiased video I have ever seen about this whole adani hindenberg saga.
Good job guys really appreciate your work💯
😢 wish I had a family business like that
It isn’t late to create one
Props to explaining the conflict of interest with hindenburg. Even though this group seems really shady, it's super important to understand all the context behind them to make unbiased reviews.
Well they r not shady
Hindenburg is a stock manipulator.
Adani is a scammer.
There are no saints in this game. I only worry about the impact of this on the Indian economy.
One issue with your video is that Hindenburg say they are not shorting through equity, they are shorting Adani debt on US Markets.
FT reported it may have also built it up through derivatives linked to India stock indices, but it seems to be speculation...
All are so consumed that nobody pointed this out.. And HB might have already profited by squaring off the bond positions by selling bonds to 'Stressed asset' Hedge funds
The BetterHelp ads are disappointing to see from this channel. At this point, it's widely known that BH sells massive amounts of user healthcare data, employs unqualified "therapists"--who themselves are incredibly over-worked and under-paid.
ThinkSchool made a great video on Hinderberg allegations and debunk all the charges against SEBI chef and Adani, whereas this guy is all rants no theory
Think school is just a sellout..
@@kunalmittal9938 this guy is just a sellout.
Indian youtube channel debunks charges against indian company who would have thought?
@thekraken1173 well he did a good job backing up his claims
In the end Gautam adani won his networth has again reached 100 billion (still less than 130 billion in 2022) but it's growing. This time hindenburg group made a big mistake, nate anderson underestimated the true power of adani. Indian market is different than US market, also nate anderson (and george soros) made some really powerful enemies, let's hope anderson does'nt end up like jamal khashoggi.
Now the real question is if the 13.6% of soul that Mark has are the same 13.6% that own Meta or is it a different 13.6% of him, aka the one with no soul that owns Meta?
@@bill_the_butcher love your answer. So simple, yet so nuanced.
No
One thing to note is Adani is an infra group and not a software firm. The own steel plants, power plants, ports and construction related business. They have large factories, land, offices, machineries, planes, ships and cars so they have real tangible asset in huge own. They own monopoly over certain sectors in India and many countries. An infra firm with such real estate and monopoly will always have certain lowest point till it can fall. There stocks wont tank to near zero like in case of software firms.
This thing is pretty much true for almost any large infra firm.
The video: Unbiased, speaks for both the side
The Comment section: Adani good, adani bad
Guys focus on the facts and not the biases
Hyper overvalued > Yes
Overleveraged> Yes
Con > don't think so
Adani is like a genie of Modi government. They ask him to buy other countries ports, he buys them without any question, they ask him to buy neighbouring countries power grid rights he buys them without any question. It seems like Adani is one of the sword for Indian government to assert dominance on other countries.
All countries work like that
That Better Help Ad aged very Well After the Mr Whos the Boss Video🤝
I want to see the portfolio of hindenburg research if there is any, because many companies and a bank in US fallen during same period
Source? Proof ?
@@zebapervaiz3733 Literally WSJ and Wikipedia and Economic times
How does this not count as market manipulation?
edit: I mean what the hinderburg report, not this video.
Here we go "Better help again"
I actually made money from adani ports since I bought it after the crash may be thanks to hindenburg report 😂😂
It still laying on its ass, on the ground. 😀
You have to Thank those Anonymous
Mauritius Shell Companies that
Keep Investing in Adani Stocks. 😂
@@vrindavanguj7361 😂
Actually adani close association with PM Modi is a relevant point. It explains his capabilities.
1 year later, his businesses are doing good. Hindenburg research published another report and got their ass handed to them. And every state government in India regardless of BJP or Congress is working with Adani group companies.
The points are correct, but not illegal 😊
Oh... and was Silicon Valley Bank (SVB) done by Adani too? And what about Madoff?
They bets against interest rate and buy long hold treasury bond + bank run .
Pehle apne Ghar ko bachhao bhai dusro k Ghar me aag baad me bujhayenge😂
😂Adani is back to pre-Hindenburg levels .
Short seller attack failed.
They made profit and now partying unlike you who still have adani testies in their mouth
This is the channel what i have been looking for...... How money works
How is Hindenburg Research shorting a company, and then publishing a report that causes mass sell-offs, not market manipulation?
Hawa ndio wananunua airport yetu?
Exactly
😂😂 we unaona how things are panning out is the same way it's happened before
Fave channel to listen to at my public accounting job!
Ok constructive criticism- please never use background music ever again. Your videos are better without it, they always have been.
When I see stuff in the news like this, my first thought is, “I hope HMW or The Plain Bagel make a video on this so I can get the real story without all the nonsense.”
Dear "how money works", you should upgrade your game by learning about geoeconomics. These people are more geopolitical actors of their countries (or foreign countries) rather than businessmen.
If someone doesn't dive into that, any further analysis will not even scratch the surface of how the game is actually played.
This dodgy practice of share holdings owned by offshore entities is an old problem with an easy fix but need political guts to execute. All they need to do is make a law that the offshore entity either has to nominate the ultimate (real person) beneficiary or any dividends or payments to that offshore entity is taxed severely.
Aged like milk. The second time Hidenburg pulled this trick it didnt work again lol
Isn't Indenburg Research illegally doing insider trading and market manipulation in those stories?
No it's perfectly legal.
It's just air, many short sellers are sitting here, and betting again country
Are Kenyans seeing this? Our airport is gone
What's funny is the SEBI chairman Madhuri Puri has overseas stake in Adani Group
And nothing has happened to her as well
This aged well 😂
😂😂
😂😂😂 came here after hindenberg pressed another report
@@kazuma2060 Even that will no no bearing on Adani or india in the long run 😂
Yeah!!😂😂😂
His face says everything 😂
Oh so intelligent 🙄
Yeapp, that's the face of people usurper
Indian government and authorities will never investigate adani because he is ruling party's one the biggest supporter and good friend of PM Narendra Modi
See that pin he's wearing at 0:11? That should tell you everything you need to know.
He'll never face any consequences.
Juice 😂😂
Great video. you've reminded me of what someone once said ❤ Your assets are your employees. Invest more on those performing well. Let the non-performers go
when you belive you got good busniess and fame if not from the loyal workers? Your brand will fall or rise due the services and products you offer and the quality.
It's all just bitterness from the short sellers. BITTER
The investors put money because the company make good money, and than they want the company to change? maybe this family management it's what make them so big?
It would be so stressful to run a short selling fund! There's so many things you can't control.
around 12:00 . anybody else thought of the "p"resident's son when he said "unqualified family members"? 😂😂
Can’t Hindenburg’s practices be market manipulation? No matter whether or not they’re saying the truth they can cash out in the reaction to their research reports
Doing your homework and making money on good information means you are doing your job.
Market manipulation is blowing smoke in order to make a buck
Talking about questionable businesses while taking a BetterHelp sponsorship is kinda funny
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Roger mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@@EvanQuiel4 That's true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@logisticsdelivery Impressive! can you share more info?
@@victorcardi2019 She is a consultant named Susan Lorraine Curry, who you may learn more about by searching for her in Newsweek.
@@logisticsdelivery She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Didn’t Hindenburg take a short position or equivalent in US traded debt instead of the stock for that exact reason?
Maybe I can get in for cheap after the dust has settled. But right now, I don't want to touch this!
Get 10% off your first month of therapy with our sponsors BetterHelp: BetterHelp.com/HowMoneyWorks
Nice vids always love em :)
Hindenburg make a money by slotting stock making billions of dollars this trick work Adani group use your own brain only indian money 16 percentage and 84 percentage is out of country out investor have own investigation did not get anything but hindenburg get how
I thought it's illegal to accuse a company of fraud and short sell it.
This creates a perverse incentive to lie for pump/dump stocks
isn't better help a scam/not a good company?
Video starts at 5:55 guys.
Careful with that Better Help sponsorship. They have a controversial history and have been accused of being a scam.
but how can one be a youtuber without promoting a questionable company?
Wow, who would've known that the people who even look like fraud could commit one...
Man i shouldn't laugh, but i did here
Pretty racist statement right there man, do revel in your bigotry
@@harshgarg7542 nah man plenty of indians I know that are honest good people but you look at this adani guy (and his lifestyle) and I think it's rational to not want him to be anywhere near my money, not a race thing
@@harshgarg7542 couldn't care less, go cry in a corner.
@Shahriar Alam No, it is argubaly a race/demographic thing. Note the "people who even look like fraud," part PLEASE! What you are saying and what the OP said are two different things.
Perhaps your perspective is shaped from being unaware of the stereotypes Westerners have about Indian people. They now think that we're all scammers because a tiny wincy, not even 0.1% of the population called them scamming.
The scam exposers also create these narratives to Westerners that they're the only ones basically being affected as if these scammers don't mainly scam Indians. Ergo, negative stereotypes for us.
I don't even care if OP may be brown, it still enables racist ideas about us. Wouldn't doubt that some people liking his comment perceived it in that fashion!
Some question for Adani's investor,
Can any of you see it? Stocks jump in matter of months, which it took them almost a decade to reach the same results before, Commodity price hike is cyclical, incoming recession which would prompt people to spend less and yet the stocks still rally, it just like Elon and Tesla but a lot worse
Hi, there a couple of my friends invested in adani ports when it was 40% down .
My opinion was to simply stay out of it, their reasoning was ports has a good PB ratio so won't sink , and PE of 13 which is also ok on fundamentals.