A US-based short-seller which had published reports accusing top financial entities in India and abroad of financial wrongdoings and fraud is set to shut down. Nate Anderson, the founder of Hindenburg Research,

Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.

A US-based financial research firm, Hindenburg Research, which exposed questionable business practices within the Adani Group has announced its closure. In a surprising turn of events, Nathan (Nate) Anderson,

Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, will disband, its founder Nate Anderson announced on Thursday.