There was more trouble for the already embattled Adani Group after Forbes magazine said it discovered “previously unreported transactions involving offshore funds with ties to Vinod Adani that appear designed to benefit the Adani Group as a whole”.
The highly regarded financial journalist John Hyatt, writing in the recent issue of Forbes magazine, wrote: “The deals also lend further credence to Hindenburg’s allegations of hidden leverage and accounting irregularities within the Adani Group.”
Karan Thapar interviewed John Hyatt to understand what these previously unreported transactions amount to, what implications they have for the Adani Group and how SEBI and the Indian government should respond. He was also asked what impact the Adani crisis could have on the attitude of foreign investors to India as an investment destination.
Watch the video for full details.