George Soros, the man who broke the Bank of England, now trying Hindenburg-styled ambush against Adani
George Soros, one of the backers of the Organised Crime and Corruption Reporting Project (OCCRP), has been vocal against both Gautam Adani and Prime Minister Narendra Modi. The man who has been critical of the Adani Group has linked Modi as a close ally of the Ahmedabad-based business following the Hindenburg report in January this year.
«Modi and Adani are close allies...their faith is intertwined.
Adani Enterprises is trying to raise funds in the stock markets but failed. Adani is accused of stock manipulation, and his stocks collapsed like a house of cards.
Modi is silent on the subject, but he will have to answer questions from foreign investors and in Parliament,» Soros said while commenting that the Adani saga will weaken the PM's grip on power and lead to a «democratic revival» in the country.
The 93-year-old Hungary-born Soros is dubbed as 'the man who broke the Bank of England' on September 16, 1992, also referred to as 'Black Wednesday', forcing the UK Government to withdraw Sterling from the European Exchange Rate Mechanism (ERM).
After migrating to the US, Soros launched his own hedge fund 'Soros Fund Management'. The Bloomberg Billionaire Index ranks him as the 329th richest person in the world, with fortunes worth $7.16 billion.
On Thursday, following the OCCRP report, Hindenburg Research tweeted from its official X handle, «Finally, the loop is closed.
