Adani Group denies Hindenburg Research allegations of $310M fund freeze due to money laundering investigation.

The Adani Group has denied allegations from Hindenburg Research that Swiss authorities froze over $310 million in funds linked to the company due to a money laundering and securities forgery investigation, which began in 2021. The group asserts it has no involvement in any Swiss court proceedings and claims its financial practices are transparent and lawful. Hindenburg's claims were described as an attempt to damage Adani's reputation and market value.

September 12, 2024
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