Article 2ZCF5 Adani $900m rail line loan should be ruled out after fraud allegations, opponents say

Adani $900m rail line loan should be ruled out after fraud allegations, opponents say

by
Michael Slezak
from on (#2ZCF5)

Consideration of loan described as 'untenable' after allegations hundreds of millions siphoned into tax havens

The government should immediately suspend any consideration of a federal loan to Adani or an any associated entity, environmental groups have said in response to the Guardian's reporting on Wednesday about fraud allegations faced by Adani in India.

The Adani Group allegedly fraudulently siphoned hundreds of millions of dollars from India into tax havens - a practice enabled by Indian government tax breaks. Details of the allegations, and documents from India's directorate of revenue intelligence, have been published by the Guardian today.

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