The Adani Saga: What were the regulators doing?

First published in Deccan Herald

Hindenburg was accused of having a vested interest on every news channel — that the company significantly benefited in bringing down Adani share prices. Look at the timing, they all said. Point is, of course, that short sellers have a vested interest. The better short sellers do extensive research and then seek value in betting their own money against overvalued stocks and sectors. Short selling brought about the downfall of the housing market that brought down the global economy in 2008. Was Michael Burry, the short seller, jailed or labelled an anarchist? …The Adani Group is not a company without value. It has real assets in the form of ports, airports, power transmission, etc. This matter could well be more about fugazzi and opportunism than it is about being a fraud like Enron. The company has two options…

This is the opening of the piece. The full article is on Deccan Herald.