There have been sensational revelations about the alleged allegations and forensic financial firm Hindonburg Research challenging the Adani group.
The response to its condemnable report against the Adani Group is known as ‘Operation Jeppelin’, named after German airplanes used for reconnaissance and bombing during World War I.
In January 2023, Hindenberg published a report against the Adani Group, accusing him of doing the biggest scam in corporate history. As a result, the share values of the Adani group companies declined a steep decline, declining their market capitalization over Rs 150 billion and the group’s largest public offer had to be canceled.
At that time it seemed that Gautam Adani’s empire is on the verge of ending. But the Adani Group made a quick comeback. According to sources. The return of the Adani Group was possible from a secret operation, including the help of the Israeli intelligence agency. The Hindonburg report, in which the Adani Group was accused of stock manipulation and accounting fraud, was published a week before a visit to Israel to finalize a $ 1.2 billion deal for the acquisition of Gautam Adani’s Haifa port. Eighteen international bidders expressed interest in acquiring Israeli’s largest and most ambitious Haifa port in 2020, but only five were allowed to submit the final proposal. The winning bid – a joint venture between Gadot Masofmi and Adani Ports, the Chemicals Limited – was selected after undergoing a tight security check of Israel.
On 31 January 2023, Israeli Prime Minister Benjamin Netanyahu was present at the time of signing of the agreement for this bid. When the Hindonburg report was becoming global headlines, there was a private conversation in a minor room in Haifa Port. According to sources, a top Israeli leader questioned Adani about these allegations, in response to which he clearly stated that all the allegations are completely false.
It is believed that the outgoing chairman of the port and former highly placed Mossad officer Eshel Arrowsi was present during the exchange. Some people believe that the Hindenberg report is a deliberate attempt to weaken the Haifa port deal. On returning home, Adani focused on reducing the loan through pre -payment and repayment of borrowings, reducing the mortgaged shares of the founder, bringing both promoters and march investors to equity and focusing on the group’s main businesses.
In such a situation, a secret investigation was launched to highlight the internal functioning of Hindonburg Research and expose its supporters. The New York office of Hindenburg Research and its founder and chartered financial analyst Nathan ‘Nathan’ Anderson was monitored. The complex network of former intelligence officials, lawyers, journalists, hedge funds and politicians appeared objectionable. Some of these were reportedly associated with Chinese interests, while others were associated with power brokers in Washington.
Detectives also infiltrated the suburb of Okbruk Terrace, a small town in Illinois outside Chicago, where they highlighted encrypted communication between private -owned alternative asset management companies and operators in India, America, Europe, Canada and Australia.
He said that Adani was informed about the secret operation in January 2024 during his personal visit to Switzerland. However, Adani responded strategically instead of reacting strongly. A team of lawyers and intelligence advisors was gathered during monitoring in the US.
In Ahmedabad, he established a high -tech control room with cyber experts and analysts. His legal teams worked in international capitals. By October 2024, Zepelin’s dosier was 353 pages on the allied network against Adani. The leaked documents reportedly depicts relations between American agencies and media platforms that were spreading anti -Adani stories.
At the end of November 2024, the US Department of Justice and the Securities and Exchange Commission accused Gautam Adani and the leading officials of being part of the alleged bribery scheme to achieve renewable energy supply contracts in India. However, the Adani Group has denied all the allegations.
The Adani Group had prepared to initiate legal action against Hindonburg Research and Nathan Anderson in the southern district of New York. Sources said that a meeting was proposed between Adani’s legal mediator and Hindenberg officials, but it was not clear whether the meeting was held at the 295 50th Avenue Building in Manhattan.
On January 15, 2025, a week before the second anniversary of its report on the Adani Group, Hindonberg Research announced to formally stop operating. Operation Zepelin – A modern counter -attack that included business, diplomatic and cyber strategies – perhaps the entire scope would never be known, but it would certainly be considered the strategy of the most courageous return in the corporate world.
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