Adani foreign links probe ‘draws a blank’

After US short seller Hindenburg’s report sank Adani stock, linked offshore firms were investigated for possible violations.

The coal-to-airports conglomerate controlled by billionaire Gautam Adani lost more than US$100 billion in market value earlier this year after US-based Hindenburg Research raised several governance concerns. The group has denied wrongdoing. “The foundation of SEBI’s suspicion that led to investigations into the overseas entities’ ownership is that they have ‘opaque’ structures,” said the panel in a report dated May 6 and seen by Reuters on Friday. “The ultimate chain of ownership above the 13 overseas entities is not clear.”

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VSTECS upbeat on the enterprise sectorVSTECS Bhd expects the higher interest rate environment in the country to negatively impact consumer spending and sentiment.
Source: staronline - 🏆 4. / 75 Read more »

Pedro Almodovar’s gay Western draws Cannes crowd‘Strange Way of Life’ is a 31-minute Western film starring Ethan Hawke and Pedro Pascal as lovers.
Source: fmtoday - 🏆 5. / 72 Read more »

Soccer-Morocco's Aboukhlal draws line under dispute with Toulouse city official(Reuters) - Toulouse striker Zakaria Aboukhlal said he wanted to draw a line under an alleged dispute with a local city official during a ceremony to celebrate their French Cup final victory last month.
Source: staronline - 🏆 4. / 75 Read more »

BlackBerry expects up to 54% revenue growth in 2026, shares rise(Reuters) - BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%.
Source: staronline - 🏆 4. / 75 Read more »

LTAT’s privatisation of Boustead Holdings gains strong momentumThe armed forces pension fund now holds about 90.49% of Boustead Holdings Bhd’s shares.
Source: fmtoday - 🏆 5. / 72 Read more »

M’sian Shares Her Experience in a Psych Ward, Receives Caring & Heartwarming Wishes from Netizens**Trigger warning: The following article discusses sensitive topics related to mental health, self-harm, and suicide. Reader discretion is advised.** On Twitter, melaninsashimi (Nani) shared her experience in a psychiatric ward, shedding light on the challenges she faced and hoping to increase awareness about mental health struggles. Nani’s journey began when she sought help for self-harm […]
Source: WORLDOFBUZZ - 🏆 19. / 53 Read more »