Page 58 - Adani Group

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

TMS EP511: OCCRP allegations, Pratt & Whitney, agro-chemical stocks & more

What are OCCRP's allegations against Adani Group? Are Pratt & Whitney engines pulling India's airlines down? Will El-Nino spell trouble for agro-chemicals? What experiments will Vikram and Pragyan do?

OCCRP-flagged funds see India exposure drop from $430 mn to zero in 6 years

Their investment manager says EIFF, and EMRF both fully compliant broad-based funds

Maharashtra BJP unit poses questions to Rahul Gandhi over Adani group

The Maharashtra unit of the Bharatiya Janata Party (BJP) hit back at Congress leader Rahul Gandhi on Thursday calling him childish over the latter's tirade against industrialist Gautam Adani and his conglomerate, and linking them to Prime Minister Narendra Modi. The BJP said Gandhi should explain why the Congress-led government in office before 2014 at the Centre had given land parcels to the Adani group. In a long post on X (formerly Twitter), the state BJP said, Rahul Gandhi who has a childish brain should tell why the Congress government before 2014 had given key land parcels to the Adani group. The earlier Congress government had given several awards to the Adani group, it should be communicated to the people. Why did (NCP founder) Sharad Pawar oppose the Congress demand for JPC (probe in Adani group affairs) which was based on Hindenberg report? Why did Congress government in Maharashtra in 2013 awarded 660 MW Tiroda power plant to the Adani group? the party asked. Earlier in

Adani group companies' shares feel OCCRP pinch, decline by up to 4%

9 of 10 group stocks end in red, market capitalisation falls by Rs 36,000 crore

Indicates panic over Adani row: Congress on special session of Parliament

The Congress on Thursday said that the government announcing a special session of Parliament indicated that it is in "panic" over fresh allegations against the Adani Group and claimed that it was looking to manage the news cycle with the move. Asked about the government announcing the five-day special session in September and what it indicated, Gandhi said, "It's an indication of a little panic same type of panic that happened when I spoke in Parliament house, panic that suddenly made them revoke my Parliament membership." "So, I think, it is panic because these matters are very close to the prime minister and whenever you touch the Adani matter, the prime minister gets very uncomfortable and very nervous," he said at a press conference here. Reacting to the development, Congress general secretary Jairam Ramesh, in a post on X, said the demand for a Joint Parliamentary Committee (JPC) probe into the allegations against the Adani Group, however, will continue to resonate inside and .

Who is Chang Chung-Ling: Chinese link featured in OCCRP report on Adani

Chang Chung-Ling has also been identified as the sole director of Growmore, allegedly a shell company based in Mauritius used to siphon off funds

Who is Nasser Ali Shaban Ahli: UAE link featured in OCCRP report on Adani

One of the initial cases where his name features is that of an investigation by the Directorate of Revenue Intelligence (DRI) into alleged illegal diamond trading by Adani companies in 2007

SC should take cognisance of fresh allegations against Adani Group: AAP

The Aam Aadmi Party (AAP) slammed the BJP-led Centre on Thursday following fresh allegations against the Adani Group and requested the Supreme Court to take cognisance of the charges, demanding "strictest action" against the business conglomerate. The Arvind Kejriwal-led party also said a Joint Parliamentary Committee (JPC) should be set up to probe the charges against the Adani Group and alleged that capital market regulator SEBI or any other government agency will not be able to bring out the truth in the matter as industrialist Gautam Adani is the "closest friend" of Prime Minister Narendra Modi. The AAP's demand came after the Organised Crime and Corruption Reporting Project (OCCRP) trained its guns on the Adani Group on Thursday, alleging that hundreds of millions of dollars were invested in the publicly-traded group stocks through Mauritius-based "opaque" investment funds managed by the partners of the promoter family. In a statement, the Adani Group categorically rejected wha

Rahul Gandhi targets Adani case, asks PM Modi for a JPC investigation

Congress leader Rahul Gandhi on Thursday said that since India is hosting the G20 meeting next week, such allegations affect the "image of India"

Market regulator Sebi examined funds named by OCCRP in Adani Group probe

The funds named today are already a part of a regulatory probe into violations of public float norms by the Adani Group and any new facts will be considered, sources added

Adani Group, Hindenburg, Supreme Court and OCCRP: All you need to know

Just months after the Hindenburg report led to a sharp sell-off of Adani Group shares in the Indian share market, another report has come up with similar allegations. Here is all you need to know

Adani stocks retreat on OCCRP report; Adani Energy, Adani Power slide 4-5%

Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project.

Adani Group rubbishes allegations of 'opaque' funding by family's partners

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures. The

Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP

Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures

New tender process for Dharavi redevelopment transparent: Maha govt to HC

The new tender issued in 2022 for the Dharavi slum redevelopment project in Mumbai was transparent and no undue favour was shown to the highest bidder Adani Group, the Maharashtra government has submitted to the Bombay High Court. The government earlier this month submitted its affidavit in response to a petition filed by the UAE-based company Seclink Technologies Corporation, challenging the government's decision awarding the project to Adani Properties Private Ltd. "The petitioner has made unfounded and reckless allegations such as actions of respondents being politically motivated without any basis or material as indeed none exists. For making such reckless allegations alone, the writ petition deserves to be dismissed with costs," the affidavit said. A division bench of Chief Justice D K Upadhyaya and Justice Arif Doctor will hear the plea on Thursday. The affidavit filed by the deputy secretary of the state housing department said the petitioner company has made "false and ...

Stocks to Watch on Aug 29: RIL, Adani, Indiabulls Housing, SJVN, APL Apollo

Stocks to Watch today, August 29, 2023: An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities

Hindenburg case: Sebi probe faults Adani group on disclosure rules

The ports-to-power conglomerate had denied wrongdoing in January

Top headlines: Sebi's probe in Adani cos, Maha politics heat up, and more

Business Standard brings you the top headlines at this hour

Adani's Dharavi redevelopment plan spurs doubts and favouritism claims

Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum