Published on 1 Sep 2023 on Reuters via Yahoo Finance
Adani family partners used offshore funds to invest in Indian group's stocks -report
By Krishn Kaushik, Aditya Kalra and Scott Murdoch
NEW DELHI (Reuters) -Millions of dollars were invested in publicly traded Adani Group stocks through funds in Mauritius, the Organised Crime and Corruption Reporting Project (OCCRP) reported on Thursday, saying this "obscured" the involvement of alleged business partners of India's Adani family.
Citing a review of files from tax havens and internal Adani Group emails, the non-profit global network of investigative journalists said two individual investors with "longtime business ties" to the Adani family used such offshore structures to buy and sell Adani shares between 2013 and 2018.