{"id":602372,"date":"2023-09-08T09:21:54","date_gmt":"2023-09-08T03:51:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602372"},"modified":"2023-09-08T09:46:46","modified_gmt":"2023-09-08T04:16:46","slug":"six-of-eight-funds-used-to-invest-in-adani-group-stocks-now-closed-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/six-of-eight-funds-used-to-invest-in-adani-group-stocks-now-closed-report\/","title":{"rendered":"Six of eight funds used to invest in Adani Group stocks now closed: Report"},"content":{"rendered":"<p>Six of the eight public funds alleged to have been used by people with ties to the Adani Group to buy shares of the conglomerate&#8217;s listed companies have been shut, Mint reported on Wednesday citing regulatory filings. These funds were based in Bermuda and Mauritius.<\/p>\n<p>The report added that the closure of these funds posed a challenge for the Securities and Exchange Board of India (Sebi) to reach the ultimate beneficiaries of these vehicles. <\/p>\n<p>In a recent report, the Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, reported that people with ties to the Adani family used these funds to hold significant stakes in group entities, possibly violating the country&#8217;s law on maximum ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six of the eight public funds alleged to have been used by people with ties to the Adani Group to buy shares of the conglomerate&#8217;s listed companies have been shut, Mint reported on Wednesday citing regulatory filings. These funds were based in Bermuda and Mauritius. The report added that the closure of these funds posed a challenge for the Securities and Exchange Board of India (Sebi) to reach the ultimate beneficiaries of these vehicles. In a recent report, the Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, reported that people with ties to the Adani [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-602372","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=602372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}