Mahesh Jethmalani, Rajya Sabha MP & Senior Advocate, alleges 'China angle' in Hindenburg report on Adani group. He says, "In connection with the short sale of Adani shares, we have only heard of Hindenburg, they prepared the research report on the Adani group at the instance of a fund which was promoted by a couple Mark Kingdon and Anla Cheng. After research, we found that Kotak had been engaged to do the trading, so they set up an offshore account and took money from a master fund of approx 40 million belonging to this couple. This amount was used through Kotak through the Mauritius route to take large positions in Adani shares with the idea that once a negative report comes out then they will sell and move out. After research, it was found that this woman was being investigated by US Congress. It was testified against Anla Cheng that she was suspected to be a very accomplished Chinese spy...SEBI needs to inquire about this further. The motive was not only to target Adani but also to help the Chinese state...This establishes that all this was done to jeopardise India's strategic interests."
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