A report by the OCCRP, a non-profit media organisation, claims hidden Mauritius funds were used for investments in Adani Group’s public traded shares. This accusation comes in the wake of previous claims by US-based short-seller Hindenburg Research, which accused the group of dubious business practices, including stock price manipulation.
The Adani Group rejected the claims made by OCCRP, terming them as “recycled allegations” and strategically timed attempts to tarnish their reputation. A statement by the Group even hinted at an alleged concerted bid by George Soros.
The Adani Group explained that OCCRP’s claims were based on investigations from a decade ago by the Directorate of Revenue Intelligence (DRI).