An activist short seller, a New York hedge fund, a Mauritius-based investment vehicle and a broker tied to a big Indian bank: all played a role in one of the world’s most damaging short-seller attacks.
A fresh war of words between the short seller – Hindenburg Research – and India’s markets regulator has thrown up an intriguing cast of characters behind the scathing report and related bets against the Adani Group that wiped out as much as $225 billion in market value last year.
