Who is Amrita Ahuja? The India-origin CFO of Hindenburg’s latest target Block

US short selling firm Hindenburg Research has dropped a bombshell report on Jack Dorsey-run payments firm Block Inc, and the firm’s Indian-American CFO, Amrita Ahuja, has come under scrutiny for allegedly selling the firm’s stock.

On Thursday, Hindenburg accused co-founders Jack Dorsey and James McKelvey, along with executives including chief financial officer Amrita Ahuja and Cash App lead manager Brian Grassadonia, of “dumping millions of dollars in stock.”

“As Block’s stock soared due to fraud assistance, co-founders Jack Dorsey and James McKelvey collectively sold over $1 billion in stock during the pandemic. Other executives, including CFO Amrita Ahuja and Cash App lead manager Brian Grassadonia, also sold millions of dollars in shares,” the report said.

Who is Amrita Ahuja?

Ahuja is an Indian-American executive who became the company’s CFO in February this year. Here’s everything you need to know about them.

Ahuja is a graduate of world-class universities such as the London School of Economics, Duke University and Harvard Business School.

Before joining Block in 2019, she worked with business giants such as Airbnb, McKinsey & Company, The Walt Disney Company, among others.

She began her career in 2001 as an investment banker with the consulting firm Morgan Stanley.

According to a Wall Street Journal report, Ahuja is the daughter of Indian immigrants who owned a daycare center in suburban Cleveland.

While at Fox, she played a role in launching the streaming service Hulu. Additionally, she helped Activision Blizzard, makers of games like Call of Duty, Candy Crush, and World of Warcraft, transform the video game company’s business model from a business that was based on in-store sales to a… Dominated around the world, vacations are becoming one defined by an online multiplayer experience that’s always available.

She was featured at Fortune’s Most Powerful Women Summit in 2022.

Also Read: Hindenburg Research Closes Jack Dorsey’s Payments Firm Block

The US short seller’s report comes two months after his explosive allegations against the Adani Group wiped more than $100 billion from the conglomerate’s market value.

And now Block seems to be his newest target.

“Our two-year investigation found that Block systematically exploited the demographics he claims are helping,” Hindenburg said of the report.

Also check out: Rakesh Jhunjhunwala, Cyrus Mistry, Abhay Vakil: The 3 Billionaires on the M3M-Hurun Global Rich List Who Died


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