The Adani Group has firmly denied recent allegations by Hindenburg Research regarding the freezing of over USD 310 million in Swiss bank accounts. In a statement, the conglomerate described the claims as baseless and reiterated that it has no involvement in any Swiss court proceedings. The group further clarified that none of its accounts have been subject to sequestration by any authority and that its overseas holdings are fully transparent and compliant with all legal regulations, The Hindustan Times reported.
Adani Group emphasized its commitment to transparency and condemned the accusations as an orchestrated attempt to damage the company’s reputation and market value.
