All articles tagged with #offshore funds
A Bloomberg survey suggests that Japan's $4 trillion offshore funds are likely to remain unaffected by the Bank of Japan's first interest-rate hike since 2007, with only about 40% of respondents expecting Japanese investors to repatriate foreign assets. This is expected to benefit US stocks and bonds, as yield gaps between Japan and other major economies may remain too wide for Japanese investors to cross.
The Adani Group, controlled by billionaire Gautam Adani, has been accused by the Organised Crime and Corruption Reporting Project (OCCRP) of using "opaque" Mauritius funds to obscure involvement of alleged business partners in their publicly traded stocks. The OCCRP report revealed that two individual investors with "longtime business ties" to the Adani family used offshore structures to buy and sell Adani shares. While there is no evidence that their money came directly from the Adani family, there is evidence that their trading was coordinated with the family. The Adani Group has rejected the allegations, stating that they are baseless and unsubstantiated. The report has caused a decline in Adani Group shares and raised concerns about corporate governance. The Securities and Exchange Board of India (SEBI) is conducting an ongoing investigation into the group.
The Organised Crime and Corruption Reporting Project (OCCRP) has alleged that "opaque" Mauritius funds were used to invest millions of dollars in publicly traded stocks of India's Adani Group, obscuring the involvement of alleged business partners of the Adani family. The report comes after U.S.-based short-seller Hindenburg Research accused the Adani Group of improper business dealings earlier this year. Adani Group has denied the allegations and stated that all its publicly listed entities are in compliance with applicable laws. The regulatory probe into the Adani Group's offshore investments is nearing completion, and appropriate action will be taken based on the investigation's outcome.