Business News Desk – Hindenburg has made another sensational disclosure about the Adani Group. The US research firm claims that the Adani Group has been investigated for money laundering and fraud. According to Hindenburg’s latest allegation, Swiss Bank has frozen several bank accounts of Adani. Swiss Bank has frozen an amount of more than $ 310 million (about Rs 2600 crore). And investigation is going on in this matter since the year 2021.
On the one hand, Hindenburg’s report against SEBI Chairperson has created a stir. At the same time, once again the latest case on Adani Group is very serious. After this report, Adani Group shares will also be monitored. Hindenburg Research said in a post on social media platform X that Swiss authorities have frozen $310 million i.e. Rs 2600 crore deposited in 6 accounts as part of an investigation into allegations of money laundering and securities fraud related to Adani Group. American short-seller Hindenburg Group has given this information citing the recently released Swiss Criminal Court records. According to the post, this investigation has been going on for about 3 years i.e. since 2021.
It also sheds light on financial transactions involving suspicious offshore firms linked to the Indian group. Citing Swiss media reports, Hindenburg said, “Citing Swiss media reports, prosecutors have described how an associate (frontman) of Adani invested in suspicious funds from BVI/Mauritius and Bermuda. Most of the money from these funds was invested in Adani Group shares. This information has been received from the records of the Swiss Criminal Court.
Adani-Hindenburg dispute reignited
The Adani-Hindenburg dispute is not going to stop. In August itself, Hindenburg had made new allegations. In early 2023, short-sellers accused the Adani Group of violating market rules through tax havens. Hindenburg Research has accused market regulator SEBI chairperson Madhabi Puri Buch and her husband Dhawal Buch of investing in offshore funds linked to the Adani Group.
