US-based activist short seller Hindenburg Research LLC said that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into the Adani group on a post on X (Formerly Twitter), citing a news report by Swiss media outlet Gotham City.
What are the Swiss authorities investigating the Adani group for?
The Swiss authorities allegedly conducted a money laundering and securities forgery investigation into Adani, which actually dates all the way back to 2021, well before the first Hindenburg report on Adani titled, ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History,’ came out in January 2023, according to the Gotham City report, which cited a Swiss Federal Criminal Court (FCC) ruling.
What are the details of the case?
A frontman representing Adani invested in opaque funds located in British Virgin Islands/Mauritius, and Bermuda, all of which almost exclusively owned Adani stocks, Hindenburg quoted the news report as saying.
The report further stated that more than $310 million of the frontman had been kept in six Swiss banks, which have all been frozen now.
Read the tweet of Hindenburg official tweeter Handel
👇👇👇👇👇👇👇
.jpeg)
.jpeg)
0 Comments