New Delhi: Swiss authorities have frozen USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of money laundering probe, suspecting he may be a frontman from the Adani group — a charge the conglomerate vehemently denied saying it was neither involved in any Swiss court proceedings...
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Adani Group denies fresh Hindenburg allegations of freeze on Swiss bank accounts – Times of India
NEW DELHI: Adani Group late Thursday night denied allegations by New York based short-seller Hindenburg Research that Swiss authorities have frozen more than $310 million in funds across half a dozen Swiss bank accounts as part of a money laundering and securities forgery investigation into the group, dating back as early as 2021.Hindenburg made the...
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Adani Group rejects Hindenburg claim of $310 million asset freeze in Swiss banks – Times of India
The Adani Group has denied claims by Hindenburg Research, which stated that Swiss authorities had frozen over $310 million across six Swiss bank accounts as part of an investigation into money laundering and securities forgery allegations involving the conglomerate. Hindenburg cited recently released Swiss Federal Criminal Court records to support its allegations.“We unequivocally reject and...
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Business News highlights Today September 12, 2024: Hindenburg says $310 million belonging to Adani Group in Swiss banks frozen for investigation
Sep 12, 2024 11:02 PM IST Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on September 12, 2024: US-based activist short seller Hindenburg Research LLC said that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts...
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Agritech startup Arya.Ag raises $29 million from investors
Agritech startup Arya.Ag on Wednesday said it has raised USD 29 million (Rs 242 crore) in a funding round from investors to expand its business. The company, an integrated grain commerce platform, said in a statement that the amount was raised in a Pre-Series D funding round, led by Switzerland-based investment firm Blue Earth Capital....
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Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed...
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Swiss financial regulator closes UBS antitrust probe after Credit Suisse merger
Zurich: Switzerland‘s financial regulator, FINMA, on Wednesday said it would not further investigate UBS‘s market dominance after it rescued Credit Suisse last year. “The merger of UBS and Credit Suisse will not eliminate effective competition in any market segment,” FINMA said. The decision follows a report by the country’s competition authority, COMCO, which was sent...
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Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty...