Customs department revives allegations that cash was siphoned from firm to familyIndia’s customs department has revived allegations of a US$600m financial fraud against the Adani Group,challenging an order clearing the mining giant final year as “erroneous, illegal and improper”.
Adani has been fighting allegations for the past four years that it used a shell company in Dubai to siphon hundreds of millions of dollars from the companys books into Adani family tax havens overseas.
Related: Adani mining giant faces financial fraud claims as it bids for Australian coal loan Related: Labor MP says Adani mine would displace jobs and sabotage Paris targets Continue reading...
Source: theguardian.com