A stunning new investigation has shed light on the complex web of secret investments made by associates of the Adani family, the Indian conglomerate at the center of a global controversy over its environmental and financial practices. Documents obtained by the Organized Crime and Corruption Reporting Project (OCCRP) reveal a vast network of shell companies and trusts used to funnel millions of dollars into Adani Group companies, raising questions about the true ownership and influence behind the corporation. The investigation suggests that Adani family associates, including relatives and close friends, have been secretly accumulating stakes in key Adani Group companies, potentially influencing key business decisions and undermining transparency. As the Adani Group continues to face scrutiny over its dealings, this latest revelation raises concerns about the extent to which organized crime and corruption have infiltrated India's corporate elite.
Bank Documents Expose Scale of Secret Investments in Adani Group by Adani Family Associates Organized Crime and Corruption Reporting Project | OCCRP
