Adani Group denies allegations of Swiss account freeze  

The Adani Group has vehemently denied allegations that Swiss authorities have frozen over $310 million in funds throughout a number of Swiss financial institution accounts as a part of a cash laundering investigation. In a media assertion launched on September 12, 2024, an Adani Group spokesperson categorically rejected claims of any involvement in Swiss courtroom proceedings or account sequestration.

The shares of Adani Enterprises Ltd had been buying and selling at ₹2,972.70 down by ₹18.30 or 0.61 per cent on the NSE in the present day at 10.25 am.

The assertion is available in response to current assertions made by Hindenburg Analysis, an American short-selling group, on social media platform X. Hindenburg alleged that Swiss prosecutors had been investigating an Adani frontman for investing in opaque funds that primarily owned Adani shares.

Adani’s spokesperson dismissed these claims as “preposterous, irrational, and absurd,” stating that the group has not acquired any requests for clarification from Swiss authorities. The corporate maintains that its abroad holding construction is clear and compliant with all related legal guidelines.

This newest improvement is a part of an ongoing controversy surrounding the Adani Group, which has confronted scrutiny since Hindenburg’s preliminary report in January 2023. The conglomerate continues to defend its repute and market worth towards what it describes as orchestrated makes an attempt to inflict harm.