Disclose How Many Times Gautam Adani Flew To Switzerland In Last 12 Months: Mahua Moitra
Trinamool Congress MP Mahua Moitra has urged Gautam Adani to disclose how many times he flew to Switzerland over the past 12 months, raising questions about his involvement in a Swiss investigation into money laundering. Moitra’s remarks follow revelations from Swiss authorities that over $310 million has been frozen across six Swiss bank accounts linked to the Adani Group. The investigation reportedly dates back to 2021 and focuses on alleged financial misconduct, including securities fraud and money laundering. Moitra’s comments add to the growing scrutiny surrounding the Indian conglomerate, particularly in light of previous allegations by Hindenburg Research.
Swiss authorities had already been investigating Adani Group’s financial activities before Hindenburg’s January 2023 report, which accused the company of stock manipulation. This recent probe focuses on offshore entities linked to Adani’s companies. Moitra’s tweet suggests that these entities may have engaged in money laundering, forgery, and benami transactions, citing the involvement of several Swiss banks and offshore funds allegedly connected to Adani.
In her post on social media platform X, Moitra highlighted that Swiss banks had provided information to authorities regarding potential illegal activities, including links to opaque funds investing exclusively in Adani Group shares. The funds in question, domiciled in Mauritius and Bermuda, are believed to have been involved in transactions that have raised red flags with Swiss regulators. Moitra specifically named Chang Chung-Ling, a businessman with connections to the Adani family, as a key figure in the probe.
The $310 million frozen by Swiss authorities is reportedly tied to a proxy for Gautam Adani. Swiss media outlet Gotham City revealed that the investigation began well before the public accusations made by Hindenburg Research. The Geneva Public Prosecutor’s Office initiated the case, which has since been taken over by the Office of the Attorney General of Switzerland.
The Adani Group has denied all allegations, stating they have no involvement in any Swiss court proceedings and that none of their company accounts have been frozen. They called the accusations “baseless” and “preposterous,” reaffirming their commitment to transparency and legal compliance. The conglomerate insists that this is another orchestrated attempt to damage its reputation.
