Conglomerate accused of recent fraud: purchased low cost coal and bought it as ‘cleaner’ at thrice the value

International Courant

One in every of India’s largest conglomerates is suspected of large-scale fraud. The Adani Group is alleged to have purchased polluting, low-quality coal from Indonesia and resold it as ‘cleaner’ coal – at thrice the value.

Gautam Adani controls considered one of India’s largest conglomerates. New allegations of fraud by the corporate at the moment are being introduced. Right here from the Bengal International Enterprise Summit in Calcutta 2022.Picture: Rupak De Chowdhuri/Reuters/NTB

Conglomerate accused of recent fraud: purchased low cost coal and bought it as ‘cleaner’ at thrice the value

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