Adani-Hindenburg row: Former contractor witness to how money was shifted

Ajay Kumar Agarwal, a former Adani Group contractor, has filed an application in the Supreme Court (SC) stating that he has worked with the conglomerate and has witnessed money transfers from one subsidiary to the other, The Economic Times (ET) reported on Wednesday. Agarwal has sought permission from the apex court to intervene in the investigations by the Securities and Exchange Board of India (Sebi).

Agarwal, a director of EBPL Ventures, was the electrical contractor for Adani’s Sarguja Rail Corridor Project. He said he would like to help the court and Sebi protect investors’ larger interest.