Adani Group Faces Investigative Scrutiny Over Mumbai Airports

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Adani Group Faces Investigative Scrutiny Over Mumbai Airports

Adani Group, led by billionaire Gautam Adani, has announced that India's corporate affairs ministry is conducting an investigation into the financial accounts of the conglomerate's two airports in Mumbai. The inquiry specifically targets Chhatrapati Shivaji Maharaj International Airport, which was taken over by Adani in 2021. This comes as the latest challenge for the conglomerate, which has faced accusations of offshore tax havens, stock manipulation, and overpriced coal imports. The investigation by the ministry adds to the ongoing probes and regulatory scrutiny surrounding the Adani Group's financial activities.