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Secret paper trail reveals hidden Adani investors

Secret paper trail reveals hidden Adani investors

After claims of share price manipulation, new documents uncover potentially controversial shareholders in one of India’s biggest conglomerates.

Dan McCrum and John Reed
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L | From the outside, the Global Opportunities Fund in Bermuda looked like any regular investment fund: broad, bland and uncontroversial.

On the inside, however, two men were using the fund for a specific purpose – to amass and trade large positions in shares of the Adani Group, one of the biggest and most politically connected private conglomerates in India.

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Original URL: https://www.afr.com/world/asia/secret-paper-trail-reveals-hidden-adani-investors-report-20230831-p5e117