Adani shares slide after report alleges ‘opaque' offshore investment funds

The OCCRP alleged in a report published Thursday that hundreds of millions of dollars were secretly invested into publicly traded stocks of the Adani Group via"opaque" funds based in Mauritius. CNBC was not able to independently verify the claims.Sign up for NBC LA newsletters.

The OCCRP, citing documents, alleged that the investments were done by two men, Nasser Ali Shaban Ahli and Chang Chung-Ling, who share close ties with the Adani family, including appearing as directors and shareholders in the affiliated companies. The report claimed that, at one point in time, the value of both men's investment in Adani was worth $430 million.

The Adani Group stated in a press release Thursday that it categorically rejected these"recycled" allegations."These news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report," the statement said.

A spokesperson for the Open Society Foundations, set up by financier George Soros, was not immediately available for comment when contacted by CNBC.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Adani family's partners used 'opaque' funds to invest in its stocksMillions 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.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Adani family's partners used 'opaque' funds to invest in its stocksAdani family's partners used 'opaque' funds to invest in its stocks - media group
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »