Morning Briefing: New Revelations on Adani Family Shares, India Meeting Today; all the Latest News


A shortlist of the biggest headlines, recommended stories, and a special collection of news items you should check out.

Millions of dollars were funnelled into publicly traded stocks of India’s Adani Group through “opaque” Mauritius funds that concealed the involvement of alleged Adani family business partners, according to an investigation by the Organised Crime and Corruption Reporting Project (OCCRP). Reviewing files from tax havens and internal Adani Group emails, OCCRP found instances of investors trading Adani stock through offshore structures. The report follows previous accusations by Hindenburg Research of improper Adani Group business practices using offshore entities. Adani Group dismissed Hindenburg’s claims, but the allegations triggered a significant stock value decline. The regulatory probe and OCCRP’s findings raise questions about potential violations of insider ownership limits.

Source : Hindustan Times