Subhechcha Ganguly 
The OCCRP investigation claims that millions of dollars were sold in select Adani stocks using secret Mauritius funds, hiding the involvement of business associates of the Adani family and causing the market capitalization of the Adani group to drop by about Rs 35,600 crore today.The George Soros-funded investigative reporting platform said that their inquiry uncovered at least two instances in which investors acquired and sold Adani stock using such offshore companies by citing an examination of files from several tax havens and official Adani Group correspondence.
The new allegations by OCCRP come seven months after bombshell claims made by US-based short seller Hindenburg Research caused the value of Adani Group equities to plummet by around $150 billion. The corporation has refuted every accusation related to the Hindenburg.
“We vehemently deny these old accusations. These news reports seem to be part of yet another coordinated attempt to resurrect the unreliable Hindenburg report by Soros-funded interests who are supported by a segment of the international media. In fact, this was expected, as the media reported last week, according to a new statement from the Adani Group on the subject.
The two investors were named as Nasser Ali Shaban Ahli and Chang Chung-Ling, and according to OCCRP, they have a history of doing business with the Adanis. The two were also shareholders and directors of the businesses run by Vinod Adani, the older brother of Gautam Adani.
The two men, according to OCCRP, “spent years buying and selling Adani stock through offshore structures that obscured their involvement – and made considerable profits in the process.”
