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'.
The US short seller on Jan 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies