Hindenburg Research indicated that authorities had frozen more than $310 million of the company's funds as part of a money laundering and securities forgery investigation.

Hindenburg Research indicated that authorities had frozen more than $310 million of the company's funds as part of a money laundering and securities forgery investigation.

Hindenburg Research indicated that authorities had frozen more than $310 million of the company's funds as part of a money laundering and securities forgery investigation.

New Delhi: Adani Group said on Thursday it has no involvement in any Swiss court proceedings after Hindenburg Research indicated that authorities had frozen more than $310 million of the company's funds as part of a money laundering and securities forgery investigation.

Swiss criminal court records show in detail how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stock, the US-based short seller said in a post on X, formerly Twitter, citing a Swiss media outlet.

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"The Adani Group has no involvement in any Swiss court proceedings," the multinational conglomerate said, adding that none of its company accounts have been subject to sequestration by any authority.