Supreme Court rejects probe by special investigation team into allegations against Adani Group, directs Securities and Exchange Board of India to continue investigation
Adani Enterprises, Adani Ports, Adani Power, other Adani Group stocks saw gains of up to 7% on Monday after the group promoter firm increased its stake in two of the group’s listed companies. Watch this Visual Story to know more.
According to the Organised Crime and Corruption Reporting Project (OCCRP), offshore structures based in Mauritius purchased between 8% and 14% of shares in four Adani Group units - Adani Power, Adani Enterprises, Adani Ports, and Adani Transmissions. The Adani Group has rejected the report.
Adani stocks today: Shares of listed Adani group companies including Adani Enterprises, Adani Ports, Adani Green Energy, Adani Total Gas, and Adani Energy Solutions fell up to 4% on Thursday (August 31), after OCCRP, an investigative reporting platform, backed by George Soros, released new details on allegations that the Adani Family partners had invested millions to buy own group shares through opaque investment funds based in the island nation of Mauritius. Watch this Visual Story to know more.
The Organized Crime and Corruption Reporting Project’s (OCCRP’s) investigations, published by The Guardian and Financial Times, dragged down the market value of the 10 Adani group stocks by ₹35,210 crore.