Millions of dollars were invested in some publicly traded stocks of India’s Adani Group via “opaque” Mauritius funds that “obscured” involvement of alleged business partners of the Adani family, a global network of investigative journalists says in a report.
Citing a review of files from multiple tax havens and internal Adani Group emails, the Organised Crime and Corruption Reporting Project (OCCRP) said on Thursday that two individual investors – Nasser Ali Shaban Ahli from Dubai and Chang Chung-Ling from Taiwan – with “longtime business ties” to the Adani family used such offshore structures to buy and sell Adani shares.
