The Adani Group has strongly refuted claims made by an investigative news outlet, Gotham City, that Swiss authorities have frozen more than $310 million in bank accounts linked to the conglomerate as part of a money laundering investigation. The report suggested that funds were seized across multiple Swiss accounts in connection with investment structures tied to offshore tax havens like the British Virgin Islands (BVI), Mauritius, and Bermuda, which allegedly held Adani stocks.
But the conglomerate dismissed these allegations, published online by Hindenburg Research, as “preposterous, irrational, and absurd.” The Group, in the statement, underlined that it was not a party to any Swiss court case and that no account of its has been attachments. Adani further said the report was yet another attempt at diminishing its brand and market valuation, after similar hindrances were posed in the past.
Without wasting any words, the Adani Group defended its adherence to the highest levels of transparency and compliance with all legal requirements and condemned these indeed as baseless and manufactured attempts at marring it. Adani further clarified that no clarification or information was sought from Swiss authorities.
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Source: Moneycontrol
News Desk
