Desperate Hacker

Chapter 419 Shorting Bonds

The prison door was slowly opened, and a pool of yellow liquid was poured on the ground, followed by a pile of rice thrown on top of the yellow liquid.

This extremely disgusting looking thing is what Zhou Yaojie has been eating every day these days.

He can choose not to eat, but people have heard of quitting smoking and drinking, and even official drug rehabilitation centers have been opened, but they cannot give up eating.

After persisting for a week, Zhou Yaojie finally lowered his head and imitated the Indian way of picking up the rice dipped in yellow liquid from the ground. Then he put it into his mouth resistingly.

However, when the environment deteriorates to a certain level, things become increasingly difficult to change.

Zhou Yaojie has adapted to this kind of life.

He was surprised that although the living conditions at home were difficult since he was a child, he did not suffer like this.

At least the education in his family would not let people throw food on the ground for others to eat.

But after staying here for a long time... Zhou Yaojie can accept anything.

Sometimes he would even resent that it was Chen Qingfeng who needed that pharmaceutical company, so why did he come to India?

He even wondered if people outside were still trying their best to rescue him.

Yet the day has come.

After a long wait of nearly a month.

A new person finally arrived in the prison, and Zhou Yaojie's lawyer told him that he would soon have his first trial.

On this day, Zhou Yaojie put on his suit again.

When he put on the clothes he came in with, he realized that he had lost so much weight these days.

"Mr. Zhou! Mr. Zhao asked me to tell you that today, this trial will not pose any threat to you..."

Zhou Yaojie smiled bitterly.

His current mood has given up hope.

The plan he had thought up before, when he saw the people walking outside. He suddenly felt that it was ridiculous to try to reason with such an influential tycoon in a place full of Indians.

What's more, does Evergreen Technology really have such strength?

Shorting the Adani Group, within the entire Evergreen Technology Group, except for him who studied at Wharton Business School and had some superficial connections on Wall Street, whether it was Chen Qingfeng or Zhao Changan, who had such ability?

It's a pity, Liu Suote does.

But even if Liu Suote was still his boss, he probably wouldn't treat him like this.

Instead, Liu Sauter would personally fly to India to shake hands with Adani and then throw him, a pawn, in a dark prison, which is more in line with Liu Sauter's character.

……

Zhou Yaojie slowly closed his eyes.

For a moment, he wondered if he could exchange the secrets he knew for his freedom if he was caught.

But after thinking about it for a while, he gave up the idea.

Because even if he is in jail, as long as it is not the death penalty, he will be released one day.

At that time, the billions he had accumulated were still his.

……

Just like that, the car arrived at the court.

The Indian stock market also opened as scheduled at 9:00 am.

There was a boom in the stock market.

Adani Group is a super large enterprise that has risen rapidly in India in recent years. Its listed companies have also taken advantage of the surge in the Indian stock market this year to soar. Mr. Adani is now the third richest person in the world.

This is currently the highest record among Asia's richest people on the Forbes list.

In the short term, the top two players will no longer be able to catch up with Adani’s strength.

One is the dominant Tesla boss, who still has a bunch of high-tech companies that have not been listed.

The other few are also established and super rich. Adani has drained all categories of India’s industrial lifeline, but it can only rank third.

……

The stock market is as calm as ever today.

But just when the market was about to close in the morning, suddenly, a well-known international short-selling agency released a report.

Local market makers in India quickly discovered the news from connected Bloomberg news terminals.

They opened page 1, only glanced at the conclusion, hesitated for a moment, and then quickly began to sell their Adani shares.

Why do you react like this after just reading one page of the conclusion?

The reason is simple: Hindenburg, an internationally renowned investigative agency, published the report.

The report released by Neudenberg is very long, and even if you wait until the stock market is over, you may not be able to finish it.

But if this institution is not optimistic about Adani, it means that he is notifying and reminding financial institutions that believe in him to sell all stocks and financial assets related to Adani as soon as possible.

But there are always people who think in the opposite direction.

After the share price of Adani's group listed in India dropped slightly, some people immediately followed suit and quickly pulled the share price back up.

But don’t think that Adani Group will not be affected by this report in any way.

The reason is debt.

U.S. bond markets, after the Hindenburg report was released.

A mysterious group of funds began to quickly short bonds related to all businesses of this company.

Soon the bond market experienced a chain reaction.

"Bonds related to the Adani Group fell as much as 10% today! At present, the Adani Group has not made any response to Hindenburg's report..."

……

News about Adani kept popping up on Bloomberg’s news terminal.

As the trial ended in the morning, Zhou Yaojie was put back into the prison van.

But before getting in the car, his lawyer suddenly answered a phone call and stopped him.

Lawyers certainly have the right to speak to their clients in front of a judge.

So he came close to Zhou Yaojie's ear and whispered:

"Mr. Zhao asked me to tell you! Adani's corporate bonds fell as much as 10% today?"

Zhou Yaojie was stunned for a moment when he heard the news, and then he began to search among the crowd.

Sure enough, at the entrance of the court, Zhao Changan was leaning against the door and greeting him, with a confident smile on his face.

Seeing Zhao Changan's smile, Zhou Yaojie's original depression, grievances and various negative emotions were all swept away.

Things are looking mundane in financial markets.

However, only professionals like Zhou Yaojie understand what this means.

Adani's bonds began to be sold off on a large scale, which meant that international institutions no longer believed this company's lies.

At this time, Zhou Yaojie returned to the prison car with his head held high, and he even whistled with a relaxed expression.

Zhou Yaojie didn't shut up until the prison guard in front scolded him. But at this time, he was thinking about the news in his heart.

Mr Adani may not care about fluctuations in his share price in overseas markets because his companies are listed in India.

But a huge group that relies on borrowing to expand rapidly cannot ignore financing costs. The plunge in bonds means that it will be several times more difficult for Adani to borrow money than before!

(End of this chapter)