The short-seller that unraveled Nikola’s GM deal says another electric-vehicle startup engaged in fraud (KNDI)

The short-seller that unraveled Nikola’s GM deal says another electric-vehicle startup engaged in fraud (KNDI)

Summary List PlacementHindenburg Research is looking for a victory lap. After single-handedly unraveling Nikola’s potential $2 billion deal with General Motors over the summer, the short-selling research firm has a new target: Kandi Motors. The China-based and Nasdaq-listed electric-car startup has used in-house corporate entities to fake sales and show illegitimate growth, Hindenburg alleged in…

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Why is Govt raising money privately? Extra

Why is Govt raising money privately? Extra

BETWEEN July 2018 and June 2020, the central government and State enterprises raised $30.59 billion on the local and international bond markets, by my calculations, and based on information in the Central Bank’s Economic Bulletins for July 2020 and July 2019. (See details in box). Of that $30.59 billion, 37 of the bond offerings were…

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