Singapore police probe Vedanta's $900M loan use for 2024 dividend, per short seller Viceroy Research.

The Singapore Police Force is reviewing a complaint by short seller Viceroy Research alleging that India's Vedanta Ltd improperly funded its 2024 dividend using a $900 million loan from Oaktree Capital Management. Viceroy claims the loan was used to artificially boost reserves and support the payout, citing public filings, forensic analysis, and site visits. Vedanta denies the allegations, stating it complied with all laws and has not been contacted by authorities. This follows previous accusations from Viceroy about Vedanta diverting funds from its Indian unit to support its parent company.