Dubai-based hawala operator Hari Shankar Tibrewala is wanted by the Enforcement Directorate for allegedly manipulating the stocks of over two dozen small-cap companies whose shares have fallen steeply over the last few months. But he s not the first person to send shock waves through Indian stock markets.
Mukesh Ambani and Anand Jain studied together at Mumbai's Hill Grange High School and hen Mukesh Ambani returned from Stanford University in 1918, Anand Jain left his businesses in Delhi to join Reliance Industries.
Anand Jain, the Chairman of Jai Corp Limited has around 30 years of experience in several businesses, from real estate, and finance to capital markets. He is often considered Dhirubhai Ambani’s third son. Mukesh Ambani, the owner of Reliance Industries and a prominent figure in India, is good friends with Anand Jain, the one-time billionaire.
Who is Nathan Anderson and why have Indian investors sold shares in response to a report by him?.Hindenburg is among the youngest firms to make a name in the space of short sellers. It competes with Carson Block of Muddy Waters Research and Andrew Left of Citron Research