Swiss authorities have frozen more than $310 million (Sh39.98 billion) across multiple bank accounts allegedly linked to Adani, the Indian conglomerate bidding to take over operations of Jomo Kenyatta International Airport (JKIA), as fraud claims against the company resurface. Adani Airport Holdings’ privately initiated proposal to run Kenya’s largest airport—and develop luxury resorts adjacent to...
Tag: Swiss authorities
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$310 million linked to Adani Group frozen by Swiss authorities? Hindenburg, conglomerate clash over report
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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Swiss authorities freeze $310 mn allegedly linked to front man of Adani group; Adani Group rejects allegations
New Delhi, Swiss authorities have frozen more than USD 310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based short seller Hindenburg Research claimed citing media report – a charge that the conglomerate vehemently denied. Swiss authorities freeze $310 mn allegedly linked to front man of...
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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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Swiss authorities freeze $310 million of Adani Group for money laundering, securities forgery investigation: Report
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) on September 12, 2024, citing a news report by Swiss media outlet Gotham City. HT couldn’t...
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4 members of a billionaire family get prison in Switzerland for exploiting domestic workers
GENEVA (AP) — An Indian-born billionaire and three family members were sentenced to prison on Friday for exploiting domestic workers at their lakeside villa in Switzerland by seizing their passports, barring them from going out and making them work up to 18 hours a day. A Swiss court dismissed more serious charges of human trafficking...