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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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