Short-seller Hindenburg Research, whose report accused Adani Group of fraud, disbanded
Washington (PTI): Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday.
“As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” Anderson announced.
In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
Anderson did not give a specific reason for disbanding his organization, which is less than a week before the end of the four-year term of the Biden Administration and the swearing-in of Donald Trump as the 47th President of the United States on January 20.
“So, why disband now? There is not one specific thing—no particular threat, no health issue, and no big personal issue. Someone once told me that at a certain point a successful career becomes a selfish act. Early on, I felt I needed to prove some things to myself. I have now finally found some comfort with myself, probably for the first time in my life,” he said.
“I probably could have had it all along had I let myself, but I needed to put myself through a bit of hell first. The intensity and focus has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me,” he said.
In an interview to The Wall Street Journal, Anderson said he looks forward to taking up hobbies, travelling and spending time with his fiancée and their child, adding that he has earned enough money to provide for them in the future. He said he plans to invest his money in index funds and other low-stress investments.
Anderson said for now, he will be focused on making sure everyone on his team lands where they want to be next.
“Some are going to start their own research firm, which I will strongly and publicly encourage, even as I will have no personal involvement. There are others on our team who are now free agents—so feel free to reach out to me if you have a need for anyone who is brilliant, focused, and easy to work with, as they all are,” he said.
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AAP hit by exit of 7 MPs, faces test ahead of 2027 poll battles
New Delhi (PTI): With Seven MPs, including prominent faces such as Raghav Chadha, Sandeep Pathak, Ashok Mittal, Harbhajan Singh and Swati Maliwal, quitting the AAP on Friday, the party has not only lost numerical strength in Parliament but its preparedness for upcoming elections has also been hampered.
The development comes against the backdrop of a turbulent phase for the Aam Aadmi Party (AAP) over the last two years, when several of its top leaders, including former Delhi chief minister Arvind Kejriwal and Manish Sisodia, were arrested in connection with the alleged excise-policy scam, leaving the party grappling with a leadership vacuum and testing its ability to function under pressure.
During that period, the party had sought to project resilience, with second-rung leaders, including Chadha, stepping in to keep both the government and organisation running.
Many among the seven MPs were seen as key pillars in shaping the AAP's outreach -- whether in policy articulation, organisational strategy, finances or public messaging -- making their collective departure more than a routine political shift and more of an organisational rupture.
Their move, meeting the two-thirds threshold under the anti-defection law, showcases both the scale and the severity of the split.
Chadha said on Friday that all seven MPs have merged with the BJP, asserting that the AAP has strayed from its principles, values and core morals. Besides Chadha, Pathak, Mittal, Singh and Maliwal, Rajinder Gupta and Vikram Sawhney have also quit the Kejriwal-led party.
For the AAP, the timing of the seven MPs' exit is particularly crucial. The party is gearing up for next year's electoral battles in Gujarat, Goa and Punjab, where it hopes to consolidate and expand its presence beyond Delhi, where it has formed the government thrice and enjoys a strong base.
AAP leaders have sought to project confidence, maintaining that the party’s grassroots connect and governance plank remain intact despite the departures.
On the ground, the party continues to hold power in Punjab and retains a presence in Delhi, along with a limited reach in Gujarat and Jammu and Kashmir.
In Parliament, however, its reduced strength in the Rajya Sabha -- down from 13 to six now -- could limit its ability to assert itself in legislative debates.
For a party that built its identity on the anti-corruption plank, a collective leadership and a steady stream of new faces rising through the ranks, the current departure revives an old pattern of prominent colleagues parting ways, including former IPS officer Kiran Bedi and poet Kumar Vishwas.
In 2015, former AAP spokesperson Shazia Ilmi quit the party and later, joined the BJP, followed by senior leader Kapil Mishra in 2017 after a bitter public fallout over allegations of corruption within the party. In 2018, founding member Ashish Khetan stepped away from active politics altogether, citing personal reasons. Each of these departures came at a time when the AAP was attempting to stabilise or expand.
With the Gujarat, Goa and Punjab polls on the horizon, the immediate challenge before the Kejriwal-led party is to steady its organisation, rebuild its leadership bench and reassure workers that the political project it launched more than 10 years ago remains intact.
For the AAP, after weathering the arrests of its top leaders and with the exit of influential parliamentarians now, the current situation may well determine whether it can sustain its expansion ambitions or will be forced to consolidate around its existing strongholds.
