Brief by Shorts91 Newsdesk / 08:11pm on 12 Sep 2024,Thursday Business
Swiss authorities have frozen more than $310 million across six Swiss bank accounts as part of a money laundering and securities investigation related to the Adani Group, according to reports. The investigation, which dates back to 2021, was revealed by Swiss media outlet Gotham City and later cited by Hindenburg Research. The funds are linked to an alleged front man for Gautam Adani, and the Swiss Attorney General's office has taken over the investigation. This comes after earlier accusations by Hindenburg Research against Adani for stock manipulation and financial misconduct.
