Brief by Shorts91 Newsdesk / 02:37am on 13 Sep 2024,Friday Business
The Adani Group has rejected claims by US-based Hindenburg Research that Swiss authorities have frozen over $310 million in funds linked to the company. Hindenburg cited local reports alleging that the funds, connected to a money laundering and securities investigation, were sequestered in six Swiss banks. However, Adani Group refuted the claims, stating they have no involvement in Swiss court proceedings and none of their accounts have been frozen. The company termed the allegations as baseless, reiterating their commitment to transparency and compliance.
