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India Business News: MUMBAI: The Adani group on Thursday termed claims about its dealings in its stocks using a clutch of foreign entities as 'recycled allegations' - by s. ....
Financial Times reported that to pick up and trade in Adani stocks, funds from unknown sources were sourced by the BVI shell companies through the Emerging India Focus Funds (Mauritius) and the EM Resurgent Fund (Mauritius) under the Global Opportunities Fund (Bermuda). ....
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 group s promoters. ....
Billionaire Gautam Adani’s group was on Thursday hit by fresh allegations that it used family associates to secretly invest hundreds of millions of dollars through “opaque” Mauritius-based investment funds to fuel the spectacular rise in group stocks from 2013 to 2018. The conglomerate ....