New Delhi: Hindenburg Research has actually declared that Swiss authorities have actually iced up greater than $310 million in funds throughout numerous Swiss checking account as component of a cash laundering and protections imitation examination right into Adani going back to 2021.
Hindenburg had actually shared by means of a tweet declaring, “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021. Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks, according to newly released Swiss criminal court records reported by Swiss media outlet @news_gotham.”
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Swiss authorities have actually iced up greater than $310 million in funds throughout numerous Swiss checking account as component of a cash laundering and protections imitation examination right into Adani, going back as very early as 2021.
Prosecutors comprehensive just how an Adani frontman bought nontransparent … .– Hindenburg Research (@(* ) Res )(* ) . . Hindenburg to a judgment by theSeptember 12, 2024
( FCC), the
According had actually been exploring claimed misbehavior by the Federal Criminal Court empire Geneva Public Prosecutor’s Office reported.Indian record, dated “well before investors from Hindenburg Research made their initial accusations,” Gotham City 11, states:
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September “More than $310 million belonging to an alleged frontman for billionaire Gautam Adani is sequestered in five Swiss banks. The Office of the Attorney General of Switzerland (OAG) took over the investigation after the case was revealed in the press.”
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Adani Group Responds To onHindenburg Research Allegations On Swiss Authorities Freezing Its Funds unquestionably denied and rejected unwarranted claims concerning insurance claims by United States short-seller
The Adani Group that Thursday authorities have actually frozen its funds. Hindenburg Research the most up to date claims, an Swiss representative rejected the unwarranted insurance claims.
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.(* )stated the firm representative.
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.Dismissing the representative included.
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.Adani Group representative additionally stated that these claims are
“We unequivocally reject and deny the baseless allegations presented. The Adani Group has no involvement in any Swiss court proceedings, nor have any of our company accounts been subject to sequestration by any authority,”.
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.(* )stated the representative.
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“Furthermore, even in the alleged order, the Swiss court has neither mentioned our group companies, nor have we received any requests for clarification or information from any such authority or regulatory body. We reiterate that our overseas holding structure is transparent, fully disclosed, and compliant with all relevant laws,” continues to be
The, the representative kept in mind.
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“clearly preposterous, irrational, and absurd”
“We have no hesitation in stating that this is yet another orchestrated and egregious attempt by the same cohorts acting in unison to inflict irreversible damage on our group’s reputation and market value,”.
