Exclusive: Allegations by Indian customs of huge sums being siphoned off to tax havens from projects are contained in legal documents but denied by companySupport our independent journalism by giving a one-off or monthly contribution[br]A global mining giant seeking public funds to develop one of the world’s largest coal mines in Australia has been accused of fraudulently siphoning hundreds of millions of dollars of borrowed money into abroad tax havens.Indian conglomerate the Adani Group is expecting a legal decision in the near future” in connection with allegations it inflated invoices for an electricity project in India to shift huge sums of money into offshore bank accounts. Related: Why Adani's planned Carmichael coalmine things to Australia – and the world Related: Government loan to Adani could be tainted by interference,economists say Related: Adani coal rail line money would be better spent supporting agriculture, analysis says Related: Taking on Adani is not just about climate change. It's taking back power from corporate plutocracy | Sebastian Job Continue reading...
Source: theguardian.com