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Why the Adani Group is facing scrutiny over new allegations of secret investments

The Adani Group is making international headlines again.

Adani proxy’s $311 million frozen by Swiss authorities

Adani proxy’s $311 million frozen by Swiss authorities

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.

Congress promises to set up parliamentary committee to probe violations of Adani Group

Congress promises to set up parliamentary committee to probe violations of Adani Group

The Congress reiterated its position of setting up a joint parliamentary committee to investigate allegations of violations of rules by the Adani Group, if the party came to power at the Centre

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Supreme Court verdict on Adani probe ‘extraordinarily generous’ to SEBI: Congress

The Supreme Court’s decision not to transfer the probe into allegations of stock price manipulation by the Adani group to the CBI or to a special investigation team, instead giving an additional three months to SEBI, is “extraordinarily generous”, the Congress said

‘A mystery’ how Adani group escapes despite pervading ‘stench of illegality’: Congress

The Congress on Monday claimed that recent media reports have “further illuminated” close links between the Adani group and a “shadowy network” of the group’s confidants who are allegedly involved in round-tripping, money laundering and brazen violations of Securities and Exchange Board of India (SEBI) laws.

Congress prods SEBI to act against Adani firms, demands probe by JPC

Congress questions SEBI inaction on money laundering allegations against "Adani-linked entities". Jairam Ramesh doubts SEBI credibility, cites Mauritius regulator revoking two entities' licences. Raises doubts over Adani investments, calls for JPC probe in special Parliamentary session.

The Adani story simplified: Stock manipulation, mystery investors and SEBI role

The Adani Group has been hit by another storm.

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PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

K.C. Venugopal alleges that “PM Modi’s best friend is running an international money laundering racket”.

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists

The Independent UK

What has India’s Adani Group now been accused of?

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the “mysterious” investors bought and sold Adani stock through such offshore structures.

Modi-linked Adani family secretly invested in own shares, documents suggest

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

The Guardian - UK

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.

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Chang ChungLing

Nasser Ali Shaban Ahli

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