[SeekAndFind]

Adani has been accused by his critics of leveraging personal connections with Indian Prime Minister Narendra Modi to secure advantages.

At a net worth of $125billion, Adani only ranks behind French luxury goods mogul Bernard Arnault and Tesla CEO Elon Musk.

[LukeL]

I think the Hindenburg has been thoroughly researched already.

[SeekAndFind]

its scathing report, Hindenburg questioned how the Adani Group used its offshore entities in tax havens like Mauritius, the Caribbean Islands, and the United Arab Emirates, adding that certain offshore funds and shell companies tied to the group ‘surreptitiously’ own stock in Adani-listed firms.

The short seller alleged that at least 28 of the shell entities were operated by Adani’s older brother, Vinod, or his ‘close associates,’ as Hindenburg highlighted Indian officials’ investigation into fraud allegations against the group.

According to the officials in those investigations, Vinod would move money from offshore entities into private offshore trusts and companies owned by the family. That money would then go to the entities in Mauritius before being used to invest in Adani Group stocks.

‘If the Adani Group secretly controls significant amounts of publicly traded stock without disclosure, the resultant share price of Adani listed companies could be easily manipulated to meet the immediate needs of the Adani Group,’ Hindenburg concluded.

I wonder if Hunter Biden knows Adani …. 🤔

[cgbg]

In the immortal words of Michael Corleone:

“The higher I go, the crookeder it becomes.”

[E. Pluribus Unum]

What’s the problem?

This type of thing is SOP for George Soros.

[SecondAmendment]

The world of finance is nothing but a con with a veneer of integrity ..

[SecondAmendment]

The world of finance is nothing but a con with a veneer of integrity ..

[ClearCase_guy]

Oh the humanity.

[ProtectOurFreedom]

"...a web of offshore shell accounts that it used to carry out corruption, money laundering and taxpayer theft, all while siphoning money from the companies they owned."

This differs from the Biden Crime Syndicate how?

Or differs from the Global Warming Con how?

[caww]

Gautam Adani, who is worth $125 billion

[El Cid]

Although the accusations could be accurate, a Short-seller will benefit greatly if people believe the accusations (accurate, or not). So, taken with a grain of salt...

[caww]

I woul never do business with anyone from India.....or anything else knowingly for that matter.

[GaryCrow]

How many of his companies had Hunter Biden on the board of directors?

[steve86]

My late wife’s sister (still alive) knew Adani brothers well in Mumbai.

[Palio di Siena]

Plastics

[dennisw]

Super corrupt over there in India.