While heroin worth Rs 5,976 crore was seized at Adani port in 2021, Rs 1,515 crore of cocaine was seized from V. O. Chidambaranar Port in Tamil Nadu’s Tuticorin the same year.
SEBI had sent notices to four Adani Group companies, alleging they had wrongfully categorised the shareholding of certain entities and seeking to recover about Rs 25 billion from them.
Currently, Adani Ports & Special Economic Zone Ltd operates 14 ports, terminals representing 27 percent of India's total port volume. Seven each are on east & west coast.
Adani Group won highest bid for Tajpur Port and was awarded Letter of Intent just over a year ago. Bengal industries minister says govt will soon release statement soon.
Adani operates the Haifa Port in northern Israel along with a local company after it completed its purchase for 4 billion shekels ($1.03 billion) in January.
Deloitte in its audit report highlighted certain transactions questioned in Hindenburg report, which SEBI is investigating. SEBI's report on Adani group's alleged fraud is due Monday.
Adani Ports said it has floated a tender of up to $130 million in outstanding debt, as it tries to boost investor confidence after the group's shares were pummelled Hindenburg's report.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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