Adani stock rout puts spotlight on billions flowing through Mauritius

US-based short seller Hindenburg Research said 38 firms connected to Vinod were domiciled in the tropical island, located in the Indian Ocean off the eastern coast of Madagascar. Hindenburg claims some were used to reroute money from India that was then used to buy shares in the group, and inflate their stock prices back home.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News