Photo: indiatoday
A new set of allegations has hit the Adani Group, claiming evidence of likely stock manipulation through ‘opaque’ Mauritius funds, putting it once again on the back foot
UNDER FIRE: Adani Group chairperson Gautam Adani. (Photo: AFP)
ISSUE DATE: Sep 18, 2023 | UPDATED: Sep 7, 2023 20:56 IST
In yet another setback to the Adani Group, the Organised Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, has claimed access to exclusive documents that allegedly show how hundreds of millions of dollars were invested in publicly traded Adani stocks through Mauritius-based opaque investment funds. OCCRP relied on files from multiple tax havens, bank records and internal Adani Group emails as part of its investigation that was first shared with two prominent foreign newspaper organisations and later made public on its website on August 31.