Gautam Adani’s older brother Vinod stepped down as director of three companies — Carmichael Rail and Port Singapore, Carmichael Rail Singapore and Abbot Point Terminal Expansion – connected to the family’s coal mines in Australia, in late February as pressure mounted on Adani group, a Bloomberg report said.
He, however, remains on the board of Abbot Point Port Holdings, a Singapore-based company.
According to Bloomberg, the resignation happened just days before the Supreme Court ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed, the report added.
