India, Feb. 4 -- Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, opened up for the first time on why his firm chose to investigate Adani Group of Gautam Adani.

In an interview with news agency PTI, Nathan Anderson said Hindenburg's January 2023 report, which accused the Adani Group of "the largest con in corporate history" was pursued following "red flags" raised against the conglomerate in media reports.

"We initially saw media articles outlining red flags, took a closer look, and just kept following the evidence," he told PTI on why the Adani group was chosen.

On being asked if he stood by Hindenburg's reports, particularly against the Adani Group, Anderson said, "We 100 per cent stand by all of o...