Latest News for: Caribbean tax haven

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Hindenburg brings the rise of Gautam Adani to a crashing halt

The Times/The Sunday Times 31 Jan 2023
... and accounting fraud” over decades and raised concerns about debt levels and the use of offshore entities in tax havens such as Mauritius and the Caribbean.
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Adani vs Hindenburg: What do we know so far

Live Mint 31 Jan 2023
Adani family members allegedly cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the UAE, and Caribbean Islands, generating forged import/export documentation in an apparent effort to generate fake or illegitimate turnover and to siphon money ...
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Fraud cannot be obfuscated by nationalism: Hindenburg hits back at AdaniHindenburg continues to short Adani ...

Deccan Herald 30 Jan 2023
... and the use of tax havens. The Hindenburg report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies "surreptitiously" own stock in Adani's listed firms.
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Adani hits back at Hindenburg, insists it made full disclosure

The Daily Herald 30 Jan 2023
... debt levels and the use of tax havens ... Its report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies "surreptitiously" own stock in Adani's listed firms.
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Adani hits back at Hindenburg, says it made all disclosures

Deccan Chronicle 30 Jan 2023
... and the use of tax havens ... Its report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies "surreptitiously" own stock in Adani's listed firms.
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Billionaire Gautam Adani Calls on India for Help to Save His Empire

The Post and Courier 30 Jan 2023
The report describes a galaxy of shell entities based in tax havens -- the Caribbean, Mauritius and the United Arab Emirates -- controlled by the Adani family. The short-seller claims that the conglomerate has used shell companies in tax havens to boost its revenue and manipulate ...
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India’s Adani hits back at Hindenburg, insists made full disclosure

Dawn 30 Jan 2023
... debt levels and the use of tax havens ... Its report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies “surreptitiously” own stock in Adani’s listed firms.
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Adani Group’s underlying businesses, growth not affected by report fallout: CFO

Gulf News 30 Jan 2023
... debt levels and the use of tax havens ... Its report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies “surreptitiously” own stock in Adani’s listed firms.
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Billionaire Adani's Empire Loses Almost $20 Billion More in One Day

Morgan Citizen 30 Jan 2023
Asia's richest man sees his conglomerate's stock-market bloodbath continue. The stock-market bleeding from the empire of Gautam Adani continues ... 24 ... 'Calculated Attack on India'. The report describes a galaxy of shell entities based in tax havens -- the Caribbean, Mauritius and the United Arab Emirates -- controlled by the Adani family ... 29 ... .
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Asia's Richest Man's Stock Market Bloodbath Continues

Morgan Citizen 30 Jan 2023
Indian billionaire Gautam Adani sees his conglomerate lose tens of billions of dollars in three trading sessions. The stock-market bleeding from the empire of Gautam Adani continues ... 24 ... The report describes a galaxy of shell entities based in tax havens -- the Caribbean, Mauritius and the United Arab Emirates -- controlled by the Adani family ... 29 ... .
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'Attack on India', says Adani in 413-page reply to Hindenburg after $51 billion wipeoutUS-based Hindenburg ...

Deccan Herald 30 Jan 2023
61 Listed company Adani Enterprises paid $100 million to a company, ultimately held by private trust of the Adani family in the British Virgin Islands (BVI), a notorious Caribbean tax haven, with the claimed rationale being to pay a security deposit to use an Australian coal terminal.
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Adani says $2.5 billion FPO 'on schedule' amid Hindenburg row

Hindustan Times 29 Jan 2023
... lost a combined $48 billion in market value since Hindenburg Research on Tuesday flagged concerns about debt levels and their use of tax havens ... The Hindenburg report questioned how the Adani Group used entities in offshore tax havens such as Mauritius and the Caribbean islands.
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India's Adani hits back at Hindenburg, says it made all disclosures

Gulf News 29 Jan 2023
... levels and the use of tax havens ... Hindenburg's report questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies "surreptitiously" own stock in Adani's listed firms.
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India's Adani hits back at Hindenburg, insists made full disclosure

Khaleejtimes 29 Jan 2023
... debt levels and the use of tax havens ... Its report had questioned how the Adani Group has used offshore entities in tax havens such as Mauritius and the Caribbean islands, adding that certain offshore funds and shell companies "surreptitiously" own stock in Adani's listed firms.
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Congress uses Hindenburg to attack govt: 'LIC lost ₹22,442 cr, but...'

Live Mint 29 Jan 2023
RBI, SEBI, ED, SFIO, CBI, and the FM remain on 'mute' mode,' Surjewala said in a series of tweets.The Congress leader has earlier said that elsewhere 'the prime minister would be asked to explain, the finance minister would be sacked and a full investigation would have been ...

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