Loading...
Market
What will be the outcome of SEBI's investigation into Hindenburg Research by December 31, 2024?
2
SEBI•Hindenburg Research•Adani Group•Hindenburg•New York•Mark Kingdon•Kingdon Capital Management•China
Resolution / Starting Odds
No action taken • 25%
Fines imposed • 25%
Criminal charges • 25%
Other • 25%
Official SEBI announcements or legal documents
Story
SEBI Issues Show Cause Notice to Hindenburg, Accuses Firm of Collusion in Adani Report
Jul 7, 2024, 09:49 AM
The Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research, accusing the firm of making unfair profits through collusion and using non-public and misleading information to induce panic selling in Adani Group stocks. SEBI claims that Hindenburg shared an advance copy of its report on Adani Group with New York-based hedge fund manager Mark Kingdon and his firm, Kingdon Capital Management, two months before its public release. Hindenburg has dismissed the notice and has been given 21 days to respond to these allegations. Additionally, a senior lawyer has suggested a possible 'China link' in Hindenburg's actions, adding another layer of complexity to the ongoing saga.
View original story
Similar markets
No Action • 33%
Fine Imposed • 33%
Other Penalty • 34%
Madhabi Buch resigns • 25%
SEBI launches official investigation • 25%
No action taken • 25%
Other outcome • 25%
No action • 33%
Fine imposed • 33%
Criminal charges • 33%
Madhabi Buch cleared of any wrongdoing • 25%
Madhabi Buch found guilty • 25%
Investigation ongoing • 25%
No investigation initiated • 25%
No legal action taken • 25%
Lawsuit filed but not resolved • 25%
Lawsuit resolved in favor of Adani Group • 25%
Lawsuit resolved in favor of Hindenburg Research • 25%
No wrongdoing found • 25%
Minor penalties imposed • 25%
Major penalties imposed • 25%
Criminal charges recommended • 25%
No wrongdoing found • 25%
Minor violations found • 25%
Major violations found • 25%
Investigation inconclusive • 25%
Yes • 50%
No • 50%
No action taken • 25%
Fines imposed • 25%
Board members removed • 25%
Other actions • 25%