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Adani vs Hindenburg: Wikipedia editors blame billionaire’s team for manipulating entries

"Over 40 later banned or blocked sock puppets or undeclared paid editors created or revised nine related articles on the Adani family and family businesses. Many of them edited several of the articles and added non-neutral material or puffery. A declared paid editor, using a company IP address, completely rewrote the Adani Group article," read an article on The Signpost run by Wikipedia...

the Signpost article shows how Adani systematically manipulated its Wikipedia entries using sock puppet accounts, undisclosed paid editors and removing evidence of conflicts of interest... https://economictimes.indiatimes.com/markets/stocks/news/adani-vs-hindenburg-wikipedia-editors-blame-billionaires-team-for-manipulating-wiki-entries/articleshow/98121928.cms

'खबरों के कातिलों में शामिल थे अडानी' इन्टरनेट पर ऐसे बदली जानकारियां https://www.youtube.com/watch?v=AUKWcQ3ULTw Knocking News  Wikipedia’s online newspaper, written and edited by community members, has published a report claiming that their investigations reveal that the Adani group employed undeclared paid editors to write and sanitise related Wikipedia pages.

While the Wikipedia report has been published in the aftermath of Hindenburg Research’s report on the Adani Group, it includes allegedly unscrupulous editing and contributions made years before this news break.

The Signpost, according to its own Wikipedia page, focuses on English Wikipedia, its sister projects, the Wikimedia Foundation, and the Wikimedia movement at large.

This article, written by a Wikipedia community user Smallbones, is tagged under the ‘disinformation report’ category.

According to Signpost, more than 40 “sockpuppets” or undeclared paid editors created or revised nine related articles on the Adani family and family businesses.

‘Sockpuppetry’ refers to the misuse of multiple Wikipedia accounts.

All these accounts were later blocked or banned by Wikipedia.

Among those who fiddled with Adani articles, the report says, was a person using a company IP address, who rewrote the article for ‘Adani Group’ entirely.

The report says:

“Many of them edited several of the articles and added non-neutral material or puffery. A declared paid editor, using a company IP address, completely rewrote the Adani Group article. Others removed warnings about conflict-of-interest editing. Some created articles by unusual methods that avoided Wikipedia’s quality control systems.”

Hindenburg alleges Gautam Adani's brother pledged Adani Group promoter stakes for $240-mn loans from Russian bank https://www.businesstoday.in/latest/corporate/story/hindenburg-alleges-gautam-adanis-brother-pledged-adani-promoter-stakes-for-240-mn-loans-from-russian-bank-370676-2023-02-17

Pinnacle Trade and Investment Pte. Lte., a Singapore company indirectly controlled by Vinod Adani, had in 2020 entered into a loan agreement with Russia’s state-owned VTB Bank. By April 2021, Pinnacle had borrowed $263 million and lent out $258 million to an unnamed related party.  Pinnacle offered two investment funds — Afro Asia Trade and Investments Limited and Worldwide Emerging Market Holding Limited as guarantors for the loan.

Both Afro Asia Trade and Worldwide are large Adani Group shareholders. Together, the two funds hold $4 billion (as of February 16 market prices) of stock in Adani Enterprises, Adani Transmission, Adani Ports, and Adani Power, all of which acknowledge the funds as 'promoter' entities. ..

 Zero disclosure of these pledges to Indian exchanges.

https://www.forbes.com/sites/johnhyatt/2023/02/17/gautam-adanis-older-brother-vinod-adani-controls-offshore-empire-with-links-to-adani-group/

The fact that Pinnacle pledged the investment funds, rather than their Adani company shares, may exempt the funds from the obligation of having to disclose pledged shares, added the Indian securities expert. Pinnacle, Afro Asia and Worldwide Emerging Market did not respond to Forbes’ requests for comment.

Adani ब्रदर्स ने चुपके से कर दिया बड़ा खेल, रूस के बैंक में रख दिया सबकुछ गिरवी, भारत को भनक तक नहीं The Samachar Express

Feb 18, 2023 #बेगाने_धंधे_में_महुआ_दीवानी  Adani ब्रदर्स ने चुपके से कर दिया बड़ा खेल, रूस के बैंक में रख दिया सबकुछ गिरवी, भारत को भनक तक नहीं
Adani brothers vinod adani Forbes, Hindenburg, russian bank btb adani promoters pinnacle investment , mahua moitra Forbes adani news,

How The Adani Fraud Actually Works (Allegedly)

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Hindenburg research is an investment research firm which specialises in short selling using a very simple four step process.

Step 1, find a company with something going wrong that isn’t yet public knowledge, like a serious fault in their growth model, a significant market threat, or just plain old systemic fraud, as is the case with this Adani situation.

Step 2, short the companies stock.

Step 3, make a public announcement in the firm of a research paper accompanied by a big marketing campaign to expose the problems with the company so that other investors also short sell the business which will push the price down.

Step 4, exit the short positions at the new low price with a healthy profit.

It’s a simple process that has made the appropriately named Hindenburg research and other investment firms using a similar strategy have made lots of money be exposing corporate frauds before.

The great thing about this strategy for the short selling research firm is that even if the underlying problems with the company turn out to not be true, just the market panic caused by a widely circulated accusation of corporate fraud can be enough to push the stock price down for long enough to allow the firm to cash out their short position at a profit.

If the allegations do end up being overblown, then the short sellers that followed the lead of the initial short selling research firm can end up burnt as the stock rallies back to its original price.

Bill Ackman the Manager of the hedge fund Pershing Square Capital put a lot of investors in this position with his failed short play on the multi-level marketing company Herbalife. Ackman accused the company of being a fraudulent pyramid scheme after taking on a major short position combined with a marketing campaign that even included a documentary, Betting On Zero.

The short failed to play out as regulars didn’t file any charges against the company and it continues to operate to this day with a stock price even higher than it was before Ackmans short sale.

The failed short play hurt Ackmans reputation meaning other short sellers will be less likely to follow him into similar positions in the future making it harder for him to profit off this four-step plan in the future.

A good reputation for digging up credible problems are very important for making this investment play work, so how is Hindenburg’s track record?

Hindenburg’s last big short play was against Nikola motors and their CEO Trevor Milton. After their report was released to the investing public, Nikolas stock price fell 40% and an investigation by the SEC was opened into Milton which eventually resulted in a conviction for wire and securities fraud.

Since the paper was published in September of 2020 Nikola stock is down over 90%, so when the same investment firm made similar accusations against one of the largest conglomerates in India, it understandably drew some attention.

The seven publicly listed companies in the Adani group are now down over 50% from the record high prices they were trading at before Hindenburg’s report was made public. Investors are now taking sides because there is a lot of money to be made no matter what happens from now on.

If it turns out that the short thesis presented by Hindenburg research is true, then the stocks could fall even further making a lot of money for short sellers following Hindenburg’s lead.

If the report turns out to baseless FUD coming from an investment firm with a financial conflict of interest against the Adani group or if Indian authorities do not prosecute the Adani group for the alleged crimes, then the stocks could rally back to their previous trading highs leaving short sellers with a potential 100% loss on their positions.

For everybody else on the side lines it is going to be fun to watch, so it’s time to learn How Money Works to find out how the Adani fraud actually worked to create so much excess value in the stock’s price.