Swiss court ruling an indictment of SEBI, Indian courts in Adani affair

/ Adani, Chang Chung-Ling, clean chit, entities, Financial Times, Gautam Adani, Hindenburg, Indian courts, indictment, Investigation, manipulation, money laundering, OCCRP, proxy, Regulatory, SEBI, share price, Swiss court, Vinod Adani

A Swiss Federal Criminal Court ruling is seen as an indictment of SEBI and Indian courts in the Adani affair. The verdict is based on an appeal to unfreeze an entity’s bank accounts, which indirectly weighed on allegations that the Adani group’s promoters had sold/bought more shares than legally permissible, to inflate share prices. The alleged proxy is Sanilion, linked to Chang Chung-Ling. The court documents reference money laundering and embezzlement suspicions.

Published by: The Morning Context
Read full story here: Main Article

Leave a Comment

Your email address will not be published. Required fields are marked *

Start typing and press enter to search

Scroll to Top