Hindenburg hints at another major revelation in India
Washington DC: Hindenburg Research, the U.S.-based short-seller known for its explosive reports, has hinted at another significant disclosure related to India. In a cryptic message posted on X (formerly Twitter) on Saturday, Hindenburg stated, "Something big soon India," sparking widespread speculation.
This announcement comes after the notorious January 2023 report by Hindenburg that targeted the Adani Group. That report, released just before Adani Enterprises' planned share sale, alleged stock manipulation and fraud by the conglomerate, resulting in an $86 billion decline in the market value of Adani Group's stocks and a substantial sell-off of its overseas-listed bonds.
The Adani Group has consistently denied the accusations, and the Indian Supreme Court eventually gave the conglomerate a clean chit on the charges after reviewing SEBI's report on the matter. Despite these denials, the controversy has continued, with various political and business figures weighing in on the fallout.
In July 2024, BJP leader and senior lawyer Mahesh Jethmalani alleged that a U.S.-based businessman with Chinese ties had commissioned the Hindenburg report, accusing the Adani Group of fraud. Jethmalani claimed that Mark Kingdon of Kingdon Capital Management LLC had hired Hindenburg to undermine the Indian conglomerate, with the alleged involvement of Chinese operatives.
As Hindenburg teases its next big move, the business community and investors in India are on high alert, awaiting further details that could potentially shake the markets again.
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Two arrested in K'taka for assaulting minors, uploading CSAM content
Bengaluru (PTI): Two men were arrested for allegedly sexually assaulting two minor girls, recording the acts on mobile phones and uploading the videos online as child sexual abuse material, police said on Thursday.
The accused have been identified as Kiran Kumar (29), hailing from Chitradurga district, and Aditya M K (20), hailing from Shivamogga district, they said.
A probe was initiated after information was received from the NCRP portal regarding a suspected instance of creation of Child Sexual Abuse Material (CSAM) for online dissemination, police said.
Accordingly, a case was registered at Kaggalipura Police Station under relevant sections of the IT Act on May 10, they added.
Investigation revealed that two minor girl victims were exploited and videos were created and uploaded to the internet. The child victims have subsequently recorded their statements as per procedure and further necessary legal steps have been taken, Pronab Mohanty Director General of Police, Cyber Command, said in a statement.
Based on the statements of the victims, the accused persons, who allegedly assaulted the minors, recorded the acts on mobile phones and uploaded the videos online, were arrested, he said.
Following the probe, sections 65(2) (rape) and 70 (gangrape) of the Bharatiya Nyaya Sanhita, along with relevant sections of the POCSO Act, have been added to the FIR, police said.
Officials collected relevant information and on May 12, arrested the accused persons and seized three mobile phones belonging to them, in which the videos had allegedly been recorded, he said.
The accused were later produced before the court and taken into police custody for further investigation, he added.
According to him, in CSAM cases, police usually apprehend offenders who have downloaded such content or have kept them in their possession after obtaining them from elsewhere, usually the internet.
"The present case is one of the very few instances where content creators and uploaders have been apprehended," Mohanty added.
