Chennai: Adani Group’s Chilean companies have been accused of violating the law. B and (Securities and Exchange Board of India) Customs Officers Union Minister of State for Finance Pankaj Chaudhary said the probe was being carried out. He made the announcement in Parliament.
It is alleged that the Adani Group raided some of its establishments, but did not say which establishments were raided or when. The Minister did not specify. The probe is into allegations of non-compliance with SBU-related rules.
Adani Group of Companies plunges Shares of billionaire Gautam Adani’s companies plunged to an all-time low in the week ended June 18. This comes after the Economic Times reported that Mauritius-based foreign investors had frozen their investments in the Adani Group of Companies. The Adani Group reported a net loss of about $ 37.6 billion, according to the Economic Times. But Adani responded that the report was just silly.