India’s market regulator has examined the funds named by a non-profit media organisation that have been allegedly concerned in investing tens of millions of {dollars} in some publicly traded shares of India’s Adani Group, mentioned sources conscious of the matter.

According to the Organised Crime and Corruption Reporting Project (OCCRP), offshore buildings primarily based in Mauritius bought between 8% and 14% of shares in 4 Adani Group items – Adani Power, Adani Enterprises, Adani Ports, and Adani Transmissions. The Adani Group has rejected the report. The funds named as we speak are already part of a regulatory probe into violations of public float norms by the Adani Group and any new info will probably be thought-about, sources added. (Reporting by Jayshree P Upadhyay; Editing by Janane Venkatraman)