STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW DELHI - 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.
Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. "It is categorically stated that all the Adani Group’s publicly listed entities are in compliance with all applicable laws including the regulation relating to public share holdings,” it told the OCCRP, according to the news article.The Hindenburg report hit hard Gautam Adani, the billionaire who leads the ports-to-energy conglomerate and was until January the world's third-richest person. The crisis forced him to shelve a $2.
The OCCRP Thursday news report named two individual investors who made the investments it investigated for its article -- Nasser Ali Shaban Ahli and Chang Chung-Ling -- described by OCCRP as"longtime business partners" of the Adani family.