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Adani Group Denies Allegations Over Swiss Bank Fund Freezing
The Adani Group has strongly rejected new allegations made by Hindenburg Research, which claimed that Swiss authorities had frozen over USD 310 million in funds linked to the conglomerate. The Adani Group, in a detailed statement, firmly denied any involvement in Swiss court proceedings and dismissed the claims as “preposterous, irrational, and absurd.”
Group’s Response to Allegations by Hindenburg Research
According to Hindenburg, the funds were reportedly frozen as part of an investigation, citing a Swiss media outlet, Gotham City. However, Adani Group clarified that no group companies have been subject to any court sequestration and emphasized that their overseas holding structure is transparent and fully compliant with all relevant laws. The conglomerate stated that these allegations were part of a coordinated attempt to harm the company’s reputation and market value.