Big Breaking: #ShortSellersExposed #IndiaLooted
1. Just after the attack on Adani, I wrote a detailed thread on the potential beneficiaries of the short selling by broking Adani with the help of Hindenburg's pre-planned report.
I have exposed short sellers who are operating from tax haven countries like the Cayman Islands. Now ED has confirmed the same.
2. ED has found in their investigation that there were 12 companies that have taken huge financial gains by attacking Adani in a pre-planned manner.
These companies include foreign portfolio investors and foreign institutional investors (FPIs/ FIIs) based in tax haven countries.
3. As I said at that time the attack was pre-planned and very well coordinated, ED investigation has confirmed it.
Few short sellers have taken short positions two to three days prior to the attack.
#ShortSellersExposed
#IndiaLooted
4. According to the report, three out of 12 companies are registered in India.
Four are based in Mauritius and one each in France, Hong Kong, the Cayman Islands, Ireland, and London. Most of these places are tax heaven.
They are operating there without disclosing their ownership structure.
#ShortSellersExposed
#IndiaLooted
5. For example, one was incorporated in July 2020, and had no business activity till September 2021, and in a short period of six months from September 2021 to March 2022, claimed an income of Rs 1,100 crore on a turnover of Rs 31,000 crore.
#ShortSellersExposed
#IndiaLooted
6. Another global financial services group, which operates as a bank in India, earned just Rs 122 crore, but as an FII earned income of Rs 9,700 crore without any income tax. This is not normal.
Companies which are involved in this have been fined in the USA for their fraud.
7. There is no doubt that attack on Adani was very well planned and attackers have gained huge profit out of it.
Not Just Adani, attackers have also harmed small investors too.
#ShortSellersExposed
#IndiaLooted
8. But unfortunately, opposition parties, activist gangs, and IPSMF-funded propaganda journalist gangs have celebrated the attack.
#ShortSellersExposed
#IndiaLooted
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