Who is Nathan Anderson? The man behind the Hindenburg Report that shook the Adani Group

Nathan Anderson, a man with a talent for uncovering corporate fraud, rises to prominence after a showdown with a wealthy business empire.

Nathan Anderson founded Hindenburg Research in 2017 as a financial research firm investigating equity, credit, and derivatives.

The firm invests its own capital and aims to uncover “man-made disasters” such as accounting irregularities, mismanagement and undisclosed related-party transactions.

Hindenburg Research investigates companies, takes short positions and aims to profit by exposing wrongdoings. It was named after the 1937 Hindenburg airship disaster.

Hindenburg is famous for its bet against Nikola Corp in 2020, resulting in a significant win, though the amount was not disclosed.

Hindenburg has exposed potential issues in 16 companies since 2017, according to its website.

Hindenburg accuses Adani of accounting fraud, stock manipulation, and money laundering with government and international company support in a recent report.

Adani and Hindenburg have been exchanging statements against each other since Hindenburg’s report was released last week.