Published Jun 17, 2021
3 mins read
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Can Tycoon Gautam Adani Become A New Harshad Mehta Soon?

Published Jun 17, 2021
3 mins read
516 words

Today I am talking about famous tycoon Gautam Adani Scam that happened in a share market. As you know Gautam Adani one of the leading Industrialist In India. When billionaire Gautam Adani started to dream about coming in a number one position soon in a global wealth ranking suddenly the global wealth ranking is Faltering after Sucheta Dalal , A padma shri award winning journalist tweet and  raising  questions about some offshore investors triggered a rout in his conglomerate's six listed stocks. Sucheta dalal is that person who exposes the biggest scam of India in 1992 which is also known as Scam 1992 and another name of this Scam is Harshad Mehta Scam 1992. 

Sucheta Dalal
Gautam Adani

After tweeting there is a huge downfall of Adani Group share value as it  decreasing at a rapid pace and it's going to be a huge loss for Gautam Adani as he lost more money this week than anyone else in this world according to Bloomberg billionaire Index based on Wednesday closing price Gautam Adani personal fortune tumbling down by about $9 billion to $67.6 billion. Surprisingly Gautam Adani was closing the gap with Mukesh Ambani as Asia's richest man. Adani Group stock continued to fall on Thursday.

Tweet 

As you saw in this tweet that sucheta Dalal has not mentioned any name of any company because of a lack of evidence and proof against them. But this tweet tries to explain some potential manipulation that happens in the market being done by certain company's share and she also mentions that SEBI doesn't have a proper system to check this manipulative data. SEBI said that they investigate the adani group shares as it increasing 200 to 1000โ„… last one year. 

Sucheta Dalal trending on Twitter after NSDL froze the account of 3 foreign portfolio investors who has invested in  majorly listed 4 out of 6 listed Adani firms.

Adani Enterprise Ltd (17 June 2021)

Foreign portfolio investors name - Albula Investment Fund, Cresta Fund and APMS Investment Fund. This accounts total share in Adani firm was 43k crore INR approximately But this account was frozen before Sucheta Dalal tweet on 31 May 2021. So It is not related to her tweet as this account doesn't provide inadequate information about beneficial ownership that's why their account was suspended that time.

So I just concluded this article here as it was just a coincidence maybe happened sucheta Dalal not pointed out Adani group but as you can see celebs tweet and action play a vital role in business as we can see Elon musk that just a tweet and suddenly hike of a cryptocurrency and one tweet creates the huge downfall of that cryptocurrency. So this is all about some tweets that things happen instantly. We don't know the reality of the Adani group huge increment of shares it may like a huge scam like a Harshad Mehta scam or it maybe not. Let them investigated and find the truth.

Thank you for reading my article please share as much as possible.

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