The Latest Breaking News from Nasser Ali Shaban Ahli

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

The Adani Group is making international headlines again. 

Newslaundry · Feb 19

‘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.

The Hindu · Oct 30, 2023

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 Hindu · Sep 16, 2023

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.

The Hindu · Aug 31, 2023

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 · Aug 30, 2023

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.

Newslaundry · Aug 30, 2023