Adani group still in the soup: New report reveals Adani family’s partners used ‘opaque’ funds to invest in its stocks
The biggest economic scandal in the history of modern India is getting even bigger. According to new findings in the Adani group stock manipulation case, millions of dollars were invested in some publicly traded stocks of Adani Group via ‘opaque’ funds based in Mauritius. Exclusive documents obtained by Organised Crime and Corruption Reporting Project (OCCRP) revealed that hundreds of millions of dollars were invested in publicly traded Adani stock by alleged business associates who have widely reported ties to the group’s majority shareholders, the Adani family. OCCRP has obtained documents including files from multiple tax havens, bank records, and internal Adani Group emails that shed light on the matter.
