Sun, Aug 11, 2024
The mutual fund industry body warned that if the allegations were left unchecked, they can create unnecessary hurdles in the path of the world's fastest-growing economy.
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Fri, Sep 01, 2023
The Pandora Papers, a massive leak of financial documents, has revealed that the Adani Group used offshore funding to invest in its own stocks. The funding was routed through two offshore shell companies registered in the British Virgin Islands. The shell companies were controlled by associates of Vinod Adani, the elder brother of Gautam Adani.
Thu, Aug 31, 2023
Adani Group stocks fell up to 4% on August 31, 2023, after the Organized Crime and Corruption Reporting Project (OCCRP) said millions of dollars were invested in some publicly traded stocks of the group through opaque Mauritius funds. The OCCRP report cited a review of files from multiple tax havens and internal Adani Group emails. The Adani Group has rejected the allegations, calling them "recycled" and "baseless." The report has raised questions about the transparency of the Adani Group's financial dealings.
Fri, May 12, 2023
The Adani Group's woes continue as MSCI drops Adani Transmission Ltd and Adani Total Gas Ltd from its India Index, adding to the market rout triggered by the Hindenburg report earlier this year.
Mon, Feb 27, 2023
Once among the top three world’s richest, Gautam Adani slipped to 30t position on the world billionaire index list after a US forensic audit firm Hindenburg Research released a report on January 24, 2023.
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