New Delhi: The report of the Supreme Court's expert committee in the Adani-Hindenburg case has now become public. That report of the Supreme Court Expert Committee states that prima facie there has been no violation of rules by the Adani group. So far no statement has been issued by the expert committee regarding this report being made public, but this one revelation is being seen as a big relief for Gautam Adani.

Supreme Court appointed expert committee into the Adani -Hindenburg report informs SC that at this stage, taking into account the explanations provided by SEBI, supported by empirical data, prima facie, it would not be possible for the Committee to conclude that there has been a… pic.twitter.com/UGLtbpXmAE

— ANI (@ANI) May 19, 2023

On January 24, 2023, America's short seller firm (a company that earns profit by reducing the price of shares) Hindenburg had issued a report regarding Adani Group. The report also included 88 questions. The Hindenburg report claimed that the Adani Group was involved in stock manipulation and account fraud for decades. Only after that one report came to the fore, a huge fall in Adani's shares was recorded and within a few days Gautam Adani's crores of rupees were lost. The great thing is that this issue had also attracted the attention of the opposition parties and within no time there was a lot of politics on it. Former Congress President Rahul Gandhi had directly linked it to PM Narendra Modi and alleged that PM Modi has benefited Adani by breaking the rules and Modi's money has been invested in Adani's company. 

In the midst of this heat, this matter also went to the Supreme Court. Actually a Public Interest Litigation (PIL) was filed against Hindenburg Research. The PIL sought action against Hindenburg founder Nathan Anderson. Only then was an expert committee set up by the Supreme Court to investigate Hindenburg's allegations, whose report says that prima facie no rules were violated.

How much loss did Gautam Adani suffer?

Let us tell you that till now no more information has been revealed about the revelations made in the report, but the initial claims are telling that Adani Group can get a big relief in this matter. It is also necessary to understand here that a report by Hindenburg had caused great damage to Gautan Adani. It can be understood that by September 2022, Gautam Adani's net worth had gone up to $150 billion. At that time, he had reached the second position in the list of the world's richest people. However, after a Hindenburg report created an uproar, it shook the confidence of investors and led to a sell-off in Adani Group shares, which resulted in Gautam Adani moving out of the top 20 rich list. 

At the same time, there is also a big question that, if the allegations leveled against Adani Group are found to be false, then from where will the crores of rupees lost by the investors due to the uproar on this issue be compensated. Will there be a case against Hindenburg or those people who created Hindenburg's Eve in India, because no one even knew that American company in India. Hindenburg made his profit by short selling, but what will happen to the Indian investors whose money is drowned in this political and market manipulation?

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