Adani Group Denies Allegations of Fraudulent Coal Transactions

Tuesday, 21 May 2024, 23:01
The Adani Group, a major Indian conglomerate, faces allegations of selling low-grade coal as high-quality fuel in transactions with a state utility. The company denies any wrongdoing and refutes claims of price manipulation. The investigation into this issue has raised concerns about the integrity of the coal supply chain and the potential impact on both the company and the energy sector.
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Adani Group Denies Allegations of Fraudulent Coal Transactions

Adani Group Facing Allegations

The Adani Group, a prominent Indian conglomerate, is under scrutiny amid accusations of fraudulent practices in coal transactions.

Denial of Wrongdoing

Adani has denied the allegations, stating that the claims of inflating prices are unfounded.

Price Manipulation Concerns

  • The investigation raises questions about the integrity of the coal supply chain.
  • These allegations could have significant repercussions for the energy sector.
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