Adani family's partners used 'opaque' funds to invest in its stocks

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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, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday.

NEW DELHI, Aug 31 - 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, the Organised Crime and Corruption Reporting Project said in an article on Thursday.

The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of Days following the January report though, Adani group stocks lost $150 billion in market value and remain down around $100 billion following a recovery in recent months after it repaid some debt and regained some investor confidence.

 

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