Category Archives: Adani Group

Adani mining giant facing renewed claims of $600m fraud in India

Customs department revives allegations that cash was siphoned from firm to family

India’s customs department has revived allegations of a US$600m financial fraud against the Adani Group, challenging an order clearing the mining giant last year as “erroneous, illegal and improper”.

Adani has been fighting allegations for the past four years that it used a shell company in Dubai to siphon hundreds of millions of dollars from the company’s books into Adani family tax havens overseas.

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Source: gad