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'No shell company in Mauritius; Hindenburg allegations false, baseless'

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. ....

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