Adani Group: Adani Group again responded to the allegations of OCCRP, said- an attempt to malign the name of the group for personal interests.

Adani Group: Adani Group again responded to the allegations of OCCRP, said- an attempt to malign the name of the group for personal interests.

Adani Group: Adani Group has issued an official statement today in which it has described the report published in the Financial Times as a deliberate attempt to tarnish the image of the group. Adani Group has clearly said that the old and baseless allegations published in the FT report are being repeated again and again so that the name of Adani Group can be tarnished. This is an attempt to further their personal interests under the guise of public interest.

The allegations are on the Financial Times

Adani Group said that in continuation of the Financial Times’ tireless campaign, the next attack is being led by Dan McCrum who along with OCCRP spread a lie and created a story against Adani Group on 31 August 2023. OCCRP is funded by George Soros who has openly declared his hostility against the Adani Group.

After the Financial Times’ first attempt failed, the FT is making another attempt to financially destabilize the Adani Group. Under this, old baseless allegations of over-invoicing of coal have been made. Whereas FT’s proposed story is based on DRI’s General Alert Circular, about which clarification has already been given.

OCCRP had released the report

Media organization Organized Crime and Corruption Reporting Project (OCCRP) had released a report in which several allegations were made against Adani Group. According to the report, millions of dollars have been invested in the shares of some publicly traded companies of Adani Group through an ‘opaque’ Mauritius fund. OCCRP said, based on a review of files from multiple tax havens and internal Adani Group emails, that the investigation revealed at least two cases indicating that Adani Group investors bought and sold Adani stocks through offshore structures . 

At that time also Adani had denied

Adani Group had also clearly said at the time of the allegations that we have full faith in the due process of law. We are committed to the quality of our disclosures and corporate governance standards. The timing of these news reports is suspicious, mischievous and malicious and we reject these reports in their entirety.

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