The bad news hasn’t stopped for Adani Group. Here's the latest

Team TOI Plus
Aug 31, 2023 | 19:13 IST

If Gautam Adani thought the trouble for his group ended with the Hindenburg allegations, this week will make him think again. The Organised Crime and Corruption Reporting Project has released documents that add heft to Hindenburg’s accusations. Here’s what this is all about

It looks like the trouble never ends for Gautam Adani’s empire – and much of the trouble has its roots in some fancy accounting work that was probably intended to get the group out of paying taxes but has instead landed it in hot water.

Now, a network of investigative journalists, the Organised Crime and Corruption Reporting Project (OCCRP), has thrown fresh fuel on a smouldering fire. The OCCRP says it shared exclusive documents with two international publications – the Financial Times and The Guardian. The documents include “files from multiple tax havens, bank records, and internal Adani Group emails”.
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