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Sign InThe Adani Group is under renewed scrutiny following an investigative report by the OCCRP revealing $3 billion in secret offshore investments linked to the family. The report identifies two long-term associates, Nasser Ali Shaban Ahli and Chang Chung-Ling, as the primary holders of these undisclosed stakes in group companies. Leaked documents from the Swiss bank REYL indicate that these holdings remained active through 2023 via accounts based in Dubai. These findings suggest a potential breach of Indian regulations regarding public shareholding limits and the artificial inflation of stock prices. The revelations echo previous allegations made by Hindenburg Research, likely increasing regulatory pressure from SEBI on the conglomerate. Market analysts expect these developments to exert significant downward pressure on Adani-linked stocks and the broader Indian market indices.