🚨 OCCRP rehashes debunked 2023 claims — pure recycled propaganda
This is NOT new. It’s the same old Hindenburg 2.0 narrative about two long-time legitimate global investors (UAE’s Nasser Ali Shaban Ahli & Taiwan’s Chang Chung-Ling), who were business associates of Adani Group with past director roles in affiliated entities. They invested ~$3 billion in listed Adani stocks through fully regulated hedge funds in 2023.
📌 Important context on regulatory findings, disclosures, and funding sources
Indian law does not require listed companies to track/disclose sources of funds for public shareholders beyond mandatory rules; listed firms have no control over independent trades or visibility into such investments. Adani spokesperson: "Any suggestion that promoter shareholding has been misstated or concealed is incorrect." (From OCCRP article itself)
SEBI investigated core Hindenburg allegations (incl. related-party/manipulation claims involving similar entities/transactions). In Sept 2025 final orders on two flagged sets: allegations "not established," no violations found (transactions not related-party under then-applicable rules; no manipulation). Stocks rose post-orders.
- SEBI order (Adicorp): https://t.co/8KtQsBOL0u
- SEBI order (Milestone/Rehvar): https://t.co/tNpxDtZ3nQ
- Reuters (Sep 19, 2025): SEBI dismissed manipulation claims, no breaches; stocks climbed. https://t.co/1xzOEKQO4J
Supreme Court (Jan 2024) upheld SEBI's probe, noting confidence in process; rejected transfer requests.
Swiss probe into Chang (money laundering/forgery suspicions, assets frozen ~$311M) ongoing since 2021; no charges as of report (Aug 2024 court ruling rejected unfreeze appeal). Adani denies involvement.
US cases (2024 indictment/SEC complaint on bribery) ongoing; Adani calls baseless.
OCCRP receives significant funding from US government (USAID/State Dept, historically ~50% of budget pre-2025) and Open Society Foundations (George Soros). Critics, including India's ruling BJP, accuse it of pushing anti-India narratives targeting PM Modi and Adani Group (e.g., via reports amplified by opposition). OCCRP states donors have no editorial control.
- Mediapart (Dec 2024): https://t.co/HO8iQtZfIt
- OCCRP funding: https://t.co/vsiWFLr7Lx
- Reuters/The Hindu (Dec 2024): https://t.co/Kfwe9kCoQv
Report recycles prior elements (e.g., ties from dismissed 2007/2014 DRI cases). Adani maintains full compliance; investments by public shareholders via regulated funds.
Adds regulatory outcomes, legal status, Indian disclosure rules, and funding context for balanced view.
@IIM_Calcutta@profalokkumar A great example of how industry and academia can work together to nurture future leaders.
Pranav Adani's focus on execution, ownership, and resilience offers invaluable lessons for the next generation of business professionals.
@PranavAdani As India aims to become a developed economy, nurturing future leaders is just as important as building infrastructure.
Good to see Pranav Adani investing time in sharing experiences and encouraging the next generation of managers and entrepreneurs.
@shaheena451 Funny how a global competitive tender is ignored, but conspiracy theories get endless attention.
Adani won the contract because it competed and delivered. Not everything is a political favor.
@UdayBhanuIYC Adani winning a global project in Argentina has nothing to do with India's LPG subsidy policy.
One is an international commercial contract. The other is a government welfare decision.
Mixing the two may make for a viral post, but it doesn't make for a credible argument.
@ranvijaylive@grok Adani wins a contract through a tender process in Argentina.
Toolkit gang: "When did Modi visit Argentina?"
That's the level of discourse.
🚨 Adani Reclaims Crown as Asia's Richest Person
Gautam Adani's return to the top of Asia's rich list reflects renewed investor confidence in the Adani Group's infrastructure, energy and logistics businesses.
As Adani Group stocks continue to gain momentum, the market is recognizing the long-term value of assets that are helping power India's growth story.
@Nigel__DSouza The market is rewarding discipline.
Adani's Ambuja is focusing on execution, cost efficiency and returns rather than chasing capacity for the sake of headlines. That's exactly how long-term value is created.
@paranjoygt Guilt by association is not evidence.
After years of investigations, accusations keep getting recycled while Adani keeps building ports, airports, power infrastructure, and renewable energy projects that India actually needs.
If Adani were only receiving "favoured treatment," they wouldn't be building ports, airports, power plants, data centers, renewable energy parks, and logistics networks at this scale.
Investors look at execution, asset creation, and long-term growth potential... and that's exactly why these companies continue to attract capital and expand.