OCCRP VERSUS ADANI
5 KEY ALLEGATIONS AGAINST ADANI
Published By Livemint | 31 Aug, 2023
OCCRP
The Organized Crime and Corruption Reporting Project (OCCRP) alleged offshore funding by Adani in its own shares
Credit : OCCRP
Here are the key allegations made by OCCRP against Adani
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‘Opaque’ Mauritius funds
Gautam Adani’s family associates allegedly invested millions in its own firms via “opaque” Mauritius funds
Credit : Pexels
Ahli and Chang
Nasser Ali Shaban Ahli, Chang Chung-Ling spent years trading hundreds millions of dollars worth of Adani stock
Credit : Mint
Close ties with Adani
Both of them share close ties with Adani family, and also served as directors in linked firms, said OCCRP
Credit : Mint
Vinod Adani link
The report also claimed the involvement of Vinod Adani in stock manipulation
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Adani stock manipulation
The report alleges Adani of owning more than 75% of its own stock (if Ali and Chang’s share are added)
Credit : Pexels
Minimum Public Shareholding rule
As per MPS rule, it is compulsory for all Indian listed firms to hold less than 75% promoter shares
Credit : Pexels
Adani's rebuttal
Adani has rejected the claims made by the firm and called it a ‘rehash of Hindenburg claims’
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