00:00Hindenburg has opened another sensational case against Adani Group.
00:08The American research firm claims that Adani Group's money laundering and fraud has been investigated.
00:13According to Hindenburg's new accusation, the Swiss bank has frozen many accounts of Adani.
00:18The Swiss bank has frozen the amount of $31 crore, i.e. more than Rs. 2600 crore.
00:24And in this case, the investigation is going on since 2021.
00:27On one hand, the report of Hindenburg against the SEBI chairperson has caused a stir.
00:32On the other hand, once again, the case against Adani Group is quite serious.
00:35What are its details? What clarification has Adani Group given on this? Let's find out in the video.
00:40The special thing is that this investigation has been going on for almost three years.
00:43This new case of Adani Group is serious and can be worrying for Adani Group.
00:48That too at a time when the group is planning to turn to retail investors to raise funds.
00:54Now investors will be able to see the shares of Adani Group.
00:58And on Friday, there is also a slight decline in the shares of Adani Group.
01:02Hindenburg Research said in a post on the social media platform X that
01:06Swiss officials have frozen a deposit of $31 crore, i.e. Rs. 2400 crore in six accounts
01:10under the investigation of money laundering and fraud on Adani Group.
01:18This information was given by the American short-seller Hindenburg Group
01:21while giving a reference to the recent record of the Swiss Criminal Court.
01:25According to the post, this investigation has been going on for almost three years, i.e. since 2021.
01:30And in this, the financial transactions related to the offshore firm linked to the Indian Group have also been highlighted.
01:36Hindenburg said while referring to the Swiss media reports that
01:39prosecutors have said that one of Adani's associates, a frontman,
01:43had invested in funds related to BVI, Mauritius and Bermuda.
01:48Most of the money in these funds was in the shares of Adani Group.
01:51This information has been obtained from the Swiss Criminal Court records.
01:55Now there is also a statement from Adani Group on this.
01:58They have dismissed this accusation and have called it baseless.
02:02The Adani Group of India said on Thursday night that it has no hand in any of the Swiss court proceedings.
02:08Adani Group says that the structure of its overseas holdings is completely transparent.
02:13It has summarized its foreign structure and it follows all the applicable rules.
02:20Adani Group also said that there is no case in any court in Switzerland against them.
02:26The name of any company of the group has not been mentioned in any court documents
02:30and no clarification has been asked of them.
02:33Actually, everyone was thinking that the fight between Adani and Hindenburg is now over.
02:39But this did not happen.
02:41The new report has once again blown this war.
02:44In early 2023, the short seller accused Adani Group of breaking the market rules through tax havens.
02:51Hindenburg Research also accused the market regulator Sebi's chairperson Madhvi Burebuch
02:56and her husband Dhaval Buch that they had invested in an offshore fund
03:01which is related to Adani Group.
03:03Hindenburg Research short sells the shares.
03:06This means that it takes those shares and hopes that their value will fall.
03:11When the value of the shares falls, Hindenburg Research buys it back at a lower price
03:16and makes a profit.
03:18There are a lot of headlines in this due to the dispute with Adani.
03:21Now, two things have come to light in this.
03:23One is that Hindenburg Group has said that the information in the Swiss criminal court records has come to light
03:29that Adani Group is being investigated for money laundering and securities fraud in Switzerland
03:34and the Swiss bank has also freezed more than 31 crore dollars of their money.
03:39In this matter, Adani Group says that it is completely baseless,
03:43their structure is completely transparent and Adani Group has also removed all these allegations.
03:49What do you think? Do tell us by commenting.
03:51If you are watching this video on Facebook, then like the Facebook page.
03:54If you are watching on YouTube, then don't forget to subscribe to the YouTube channel of Bollywood Times.
Comments