Adani Group unit removed from Norway's wealth fund over corruption concerns Adani Green Energy, a subsidiary of the Adani Group, has been excluded from Norway’s sovereign wealth fund following allegations of its involvement in financial misconduct. The decision comes amid an ongoing United States corruption investigation into the company. Norway’s wealth fund, which is the world’s largest, cited concerns about the firm’s alleged ties to illicit financial activities as the reason for its removal. The move underscores growing scrutiny of Adani Green Energy’s business practices, particularly in light of the U.S. probe. The fund’s exclusion of the company reflects heightened awareness of corporate accountability and the potential risks associated with investments in entities under investigation. While the exact nature of the alleged financial crimes remains undisclosed, the action signals a broader trend of regulatory bodies and institutional investors prioritizing transparency and compliance in their portfolios. The Adani Group, a major player in India’s infrastructure and energy sectors, has faced increasing pressure to address allegations of unethical business conduct. This latest development adds to a list of controversies surrounding the company, including past legal disputes and allegations of financial misreporting. The exclusion from Norway’s fund may impact the company’s access to international capital markets and could influence its ability to secure future investments. The decision by Norway’s wealth fund highlights the global implications of corporate governance issues. As regulatory frameworks tighten, companies involved in high-profile investigations face greater challenges in maintaining their reputations and financial standing.#united_states #adani_group #adani_green_energy #norway_wealth_fund #corruption_investigation
