Electrogen Infra News Today

In April 2016, PMC’s engineering business was folded into Howe, according to court filings. Howe has remained an Adani contractor for some of the largest ports and railway lines presently under construction in India, recent filings analyzed by Bloomberg show.

The latest exposé marks the first time that the identities of the shadowy people who held stock in Adani companies have been revealed

OCCRP, a global collective of investigative journalists backed by billionaire George Soros and others, on Thursday said it has uncovered a trail of financial transactions to show that Adani Group promoters indulged in share price manipulation of at least four group company stocks via undisclosed related entities.

In its report, the Organized Crime and Corruption Reporting Project (OCCRP) alleged that two overseas funds, or foreign portfolio investors (FPIs), that invested extensively in Adani stocks during 2013-18 acted as "fronts" for the groups promoters.

The Global Opportunities Fund located in Bermuda, at first glance, appeared to be just another unremarkable investment vehicle – a

Two men who secretly invested in the massive conglomerate turn out to have close ties to its majority owners, the Adani family, raising questions about violations of Indian law.

At the peak of their investment in June 2016, the two funds held free-floating shares of four Adani Group companies ranging from 8 to nearly 14 percent: Adani Power, Adani Enterprises, Adani Ports, and Adani Transmissions

A non-profit global network of investigative journalists, Organised Crime and Corruption Reporting Project (OCCRP), says in an article crores of rupees were invested in listed stocks of Indias Adani group via opaque funds from Mauritius that obscured the involvement of alleged business partners of the Adani family.

The Securities and Exchange Board of India (SEBI) is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.  The three entities allegedly entered into several investment transactions with ......

Indian regulators probing some Adani offshore deals for possible rule violations