In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation s Parliament that Hindenburg Research s allegations of the presence of shell companies in the Island nation are false and baseless and that Mauritius was in compliance with OECD-mandated tax rules.
US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
Mauritian Financial Services Minister Mahen Kumar Seeruttun has rejected allegations made by US short seller Hindenburg Research on the Adani Group using the Indian Ocean archipelago as a safe house to create shell companies.
In a boost to the Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless'.