Siphoning allegations against company and Adani family are third set KVS Singh has dismissed in recent monthsAn Indian customs official has reportedly dismissed allegations that the Adani Group illegally siphoned nearly 15bn rupees (£176m) into overseas tax havens. It is the third set of siphoning allegations against the Adani Group and key figures in the Adani family to be dismissed by the official, KVS Singh, in recent months. The Guardian has sought access to the order but the Adani Group declined to release it. The same customs official, Singh, dismissed two other sets of fraud allegations against Adani Group in August that allegedly employed the same modus operandi. Adani Group subsidiaries are among 40 companies facing separate allegations of using front organisations to increase the price of coal they mined from Indonesia.

Source: The Guardian October 29, 2017 11:26 UTC