Gautam Adani Swiss Bank Issue
Adani Group Dismisses Hindenburg's Allegations
Adani group says Hindenburg Allegations are 'Preposterous,Irrational,Absurd.'
Adani Groups decribes the Allegations of Hindenburg report as "Preposterous" meaning "Ridiculously unreasonable" , "Irrational" means "No Logic" and "Absurd" meaning "Ridiculously unreasonable".
Adani group said that the Conglomerate ( large company that is formed by merging several smaller companies ) was not involved in any swiss court proceedings and none of its account have been freezed by swiss Authorities.
The Hindenburg Report
The Report claimed that more than $310 Millons are linked to person named GAUTAM ADANI in six multiple accounts.
When the report was made public the investigating was taken by Attorney Genaral of Switzerland ( OAS ) Mr.Stefan Blattler.
The money was invested in places like British Virgin Islands (BVI), Mauritius, and Bermuda.
Swiss criminal court and local Swiss media released the court documents in which it was found that money invested was part of Mr Adani's Group.
Gautam Adani's more than $310 Millons Freezed
The Hindenburg Research account posted the news of freezing $310 Millions related to Adani Group.
The Swiss Authorities have freezed 6 multiple accounts of Adani Group as part of an Investigation,in which Swiss Court and Local media released report which claimed that Gautam Adani's name is linked in money investment in British Virgin Islands (BVI), Mauritius, and Bermuda.
Attorney Genaral of Switzerland ( OAS ) Mr.Stefan Blattler has taken the investigating case.