Adani mining giant faces financial fraud claims as it bids for Australian coal loan

August 16, 2017 13:05

A global mining giant seeking public funds to develop one of the world's largest coal mines in Australia has been accused of fraudulently siphoning hundreds of millions of dollars of borrowed money into overseas tax havens. Indian conglomerate the Adani Group is expecting a legal decision in the "near future' in connection with allegations it inflated invoices for an electricity project in India to shift huge sums of money into offshore bank accounts. Read more

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