Hindenburg Research has tweeted that Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of an ongoing investigation into money laundering and securities forgery linked to Adani. According to the tweet, the investigation dates back to 2021.
Hindenburg Research further stated that Swiss prosecutors revealed how an Adani frontman invested in opaque funds based in the British Virgin Islands, Mauritius, and Bermuda, which almost exclusively held Adani stocks. These details were reported by Swiss media outlet Gotham City, based on newly released Swiss criminal court records.
Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021.
Prosecutors detailed how an Adani frontman invested in opaque…
— Hindenburg Research (@HindenburgRes) September 12, 2024
For further details, the original report can be found here.
