GEORGE SOROS BACKED ORGANIZED CRIME AND CORRUPTION REPORTING PROJECT
Adani Group wants a slice of India's payments and e-commerce pie: Report
India's Adani Group is seeking a licence to operate on the public digital payments network and is in talks with banks for a co-branded credit card. The conglomerate also plans to offer online shopping via the govt-backed Open Network for Digital Commerce (ONDC), according to the Financial Times.
Chatter doesn't matter: Has Adani been able to firewall himself?
Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value. Recent accusations regarding a coal deal and ethical concerns have failed to impact the group's stocks significantly. Investors seem impervious to negative chatter as the group continues its growth journey.
21 international organisations write to CJI for speedy resolution of Adani coal imports case in SC
The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013.
Adani Enterprises shares finally get rid of Hindenburg's ugly scar, surge 3x in 16 months
Shares of Gautam Adani's flagship entity, Adani Enterprises, have recovered from losses post the Hindenburg report, with a 23% jump in 2 weeks. The stock is close to its all-time peak and is set to enter the Sensex index.
Financial Times report against Adani Group is just for noise: Cantor Fitzgerald
Cantor Fitzgerald dismisses recent Financial Times report on Adani Group as market noise, indicating investors' confidence remains intact. Adani Enterprises' shares surged 8.2% following the allegations, marking a tenth consecutive day of market capitalization gains. Adani Group refuted the accusations, citing contractual obligations and rigorous testing processes, while Cantor highlighted discrepancies in the FT report's sources and noted India's growth trajectory as favorable for Adani Enterprises despite controversies.
Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations
While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.
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JPC will be set up within one month of INDIA bloc govt formation to probe 'Adani scam': Congress
Congress attacked the Modi government over reports of Adani Group's alleged coal quality manipulation, calling it a "huge coal scam". Rahul Gandhi accused Adani of profiting from low-grade coal sold at inflated prices, promising a JPC probe within a month of an INDIA bloc government taking office. Adani denied allegations.
SC backs Sebi inquiry into Adani, rejects any other
The apex court also asked the Centre and Sebi to constructively consider suggestions of the six-member expert committee headed by former Supreme Court judge AM Sapre, and take further action to strengthen the regulatory framework, protect investors and ensure the orderly functioning of the securities market.
Adani-Hindenburg case: Sebi asks OCCRP for documents
OCCRP, which has cited these documents in its recent report on the Ahmedabad-based conglomerate, has refused to provide them to Sebi. OCCRP is a network of investigative reporters backed by the likes of the US Department of State, Rockefeller Brothers Fund, Ford Foundation and George Soros.
Adani Group stocks market cap crosses Rs 11 lakh crore
Adani Enterprises shares jumped 0.38%, while that of Adani Ports and Adani Power rose 1.92% and 2.84%, respectively. Adani Wilmar and Adani Green also ended the day in green
Shares of Adani Group cos decline by 2-4% on OCCRP report
Shares of Adani Green Energy fell 4.3%, while Adani Enterprises, Adani Transmission and Ambuja Cements fell nearly 4%. ACC bucked the trend, ending marginally higher.
Most Adani group stocks end higher; mcap rises over Rs 13,500 crore
The OCCRP had said documents obtained by it revealed details of a complex offshore operation in two Mauritius-based funds managed by the partners of the promoter family to support prices of shares of group companies from 2013 to 2018.
George Soros, the man who broke the Bank of England, now trying Hindenburg-styled ambush against Adani
The 93-year-old Hungary-born Soros is dubbed as 'the man who broke the Bank of England' on September 16, 1992, also referred to as 'Black Wednesday', forcing the UK Government to withdraw Sterling from the European Exchange Rate Mechanism (ERM).
Adani stocks tank up to 5% as George Soros-backed entity attempts Hindenburg 2.0
While the Adani Group has dismissed the allegations made by OCCRP and also published in two foreign publications - The Guardian and Financial Times - calling them as "recycled allegations" made in the Hindenburg report earlier, the fresh report has identified two men who allegedly spent years trading hundreds of millions of dollars’ worth of Adani Group stock: Nasser Ali Shaban Ahli and Chang Chung-Ling.
Two FPIs linked to Adani Group acted as fronts for promoters, says OCCRP
In its report, the Organized Crime and Corruption Reporting Project (OCCRP) alleged that two overseas funds, or foreign portfolio investors (FPIs), that invested extensively in Adani stocks during 2013-18 acted as "fronts" for the group's promoters.
'The loop is complete': Hindenburg reacts to OCCRP report on Adani's offshore funds
Adani OCCRP news: In a fresh blow to Gautam Adani's business conglomerate, the OCCRP has released details regarding misdoings in the company. Earlier in January US-based short-seller Hindenburg Research flagged the corporate governance issues in the ports-to-power conglomerate. Adani group's stocks took a dive following publication of the said report, before paring some losses.
View: As the Adani saga gets murkier, India’s parliament must step in
The Financial Times recently revealed a secret paper trail that suggests a capture of weak regulatory institutions by powerful business interests related to Gautam Adani, an infrastructure tycoon from India. While some view this as evidence of an “anti-India ecosystem in the West,” others believe the Indian government should order a joint probe to settle the debate. The Securities and Exchange Board of India should investigate if the Adani Group breached the rule that at least 25% of stock in listed companies must be owned by public shareholders. Parliament should step in if the government fails to uphold this rule.
Adani Group rejects 'recycled allegations' made by George Soros-funded OCCRP
While short-seller Hindenburg's report, which also had similar allegations, came just ahead of Adani Enterprises' FPO, the OCCRP report comes ahead of the Supreme Court hearing on the allegations made in the Hindenburg report.
Big Reveal? Global investigative journalists collective said to be planning expose on Indian company
In the report on Thursday evening, PTI said that Indian regulatory agencies are keeping a close eye on the potential impact of the soon to be released report on the domestic financial markets, which have faced a similar situation following a report by US-based short seller Hindenburg Research on the Adani Group in January this year.
Hindenburg 2.0? George Soros-backed OCCRP said to be planning another 'expose'
Founded in 2006, OCCRP claims to specialize in reporting on organized crime and largely publishes these news articles through partnerships with media houses.
Gautam Adani maps comeback strategy after $132 billion Hindenburg rout
The ports-to-power conglomerate helmed by Adani — who used to be Asia’s richest person — is hoping to claw back the narrative with this playbook and calm jittery investors and lenders after US-based Hindenburg Research on Jan. 24 accused it of accounting fraud, stock manipulation and other corporate governance lapses. The Adani Group denies these allegations.
'Swissleaks' investigation targets Credit Suisse bank
A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten funds, claims based on an insider's massive data leak.
Pegasus snooping: How costly is the Israeli spyware?
Several prominent Indians, including Congress leader Rahul Gandhi, Union ministers Ashwini Vaishnaw and Pralhad Patel, poll strategist Prashant Kishor, were said to be potential targets of the spyware, according to a series of reports on The Wire.
I want to make it clear lynching is a crime, no matter the motive: PM Narendra Modi
PM Modi explains why job creation is more than what’s reported, ‘mahagathbandhan’ is a mirage, how laws are getting friendlier for the honest and harsher on the dishonest in an exclusive interview to TOI.
20 billionaires who believe in giving back to the society
Scores of the world's wealthiest people have donated their riches to hundreds of causes. Here's a look at some of them.
Is India Inc doing enough to curb fraud or to nail crime at its source?
Usually, when companies grow, the focus is more on growing the business and so hard targets, like profitability and margins, get rewarded.
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