Are law-enforcement agencies assisting Adani Group takeovers? https://www.adaniwatch.org/are_law_enforcement_agencies_assisting_adani_group_takeovers
Ayush Joshi & Paranjoy Guha Thakurta Sep 22, 2023 the acquisition of a cement company. Earlier instances include acquiring control of a media company and the awarding of rights to operate a port and the country’s second largest airport. All of these takeovers were preceded by searches by the Enforcement Directorate, the Income Tax Department, and/or the Securities and Exchange Board of India. ..
The interpretation of the rules of the Income Tax Department with reference to the imposition of a tax on capital gains in the acquisition of Holcim India’s businesses in India by the Adani Group through offshore entities in Mauritius controlled by Gautam Adani’s older brother Vinod Adani, has also raised questions.
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