Why is a small country like Mauritius with a population of 13 lakhs investing such a huge amount in India? People should know this.
BJP MP Subramanian Swamy has asked by tweeting that who is the owner of the three companies investing 45 thousand crores in Gautam Adani’s firm? He says that the address of all the three companies is the same. It is being told that the black money of Adani companies is being made white through Mauritius.
In this matter, the Congress also said on Tuesday that the government should break its silence on the alleged ‘freezing’ of some FPI accounts holding stake in Adani group companies by the National Securities Depository Limited (NSDL). Party spokesperson Gaurav Vallabh also said that the government should make public the details of the persons behind the foreign investment funds, who have used more than 95 per cent of their funds to invest in Adani group companies.
According to Vallabh, there have been some reports that NSDL has “frozen” the accounts of three foreign investors – Albula Investment Cresta Fund and APMS Investment Fund – who have invested in Adani Group companies. He claimed that these three funds are registered at the same address in Port Louis, Mauritius and have bought stake worth Rs 43,500 crore in four Adani group companies.
The Congress spokesperson said that NSDL and the Finance Ministry should break the silence and tell the truth. Shares of group companies plunged up to 25 per cent after reports of National Securities Depository Limited (NSDL) ‘freezing’ FPI accounts holding stake in Adani group companies. However, the Gautam Adani-led group has said that it has a written explanation that the accounts of these three foreign funds have not been frozen and reports about it are misleading. These three foreign funds are the top shareholders in the group companies.
Told that why a small country like Mauritius with a population of 13 lakhs is investing such a huge amount in India? The truth is that they are engaged in whitewashing black money through Mauritius, which was first started in 2000 by the then Finance Minister Yashwant Sinha. Then we saw that both his sons and their wives had become partners in several companies in Mauritius. Mauritius is a tax haven, where the main task is to collect all the black money and take it out on the other side. This is the main business of this small island. All the Indian stock exchange manipulations and the information of those in power with dubious involvement of currency notes originate from here.
Cresta Fund was established in 2007, the same year Adani Ports and SEZ Limited went public. The fund has 14 publicly held shares with total assets of more than Rs 10124.8 crore. 9861 crore comes from the three listed Adani companies. The fund’s fourth largest holding is in Jindal Saw Ltd at Rs 82.6 crore.
Albula Investment Fund was established in 2007 and publicly holds 20 stocks with a net worth of over Rs 11998.8 crore. Out of this Rs. 11450 crores belong to four Adani companies. Its top four holdings in terms of number of shares are among Adani companies. The difference in the number of shares held between the fourth largest holding and the fifth largest holding is about 13 million shares.
Asia Investment Corporation (Mauritius) has invested in six stocks having total assets of more than 55719 crores. Its top two holdings are Adani Group companies. Albula Investment Fund, along with Asia Investment Corporation (Mauritius), is part of a data dump called the Paradise Papers, analyzed and reported by the International Consortium of Investigative Journalists (ICiJ)
Now the important question is, who is the owner of all the three Mauritian companies with the same address – Albullah Investment Fund, Cresta Fund and Asia Investment Corporation – which have invested Rs 45,000 crore in shares of Gautam Adani’s companies? Government of India and SEBI should know the human faces who invested Rs.
