Africa-Press – Mauritius. In what takes the investigation by capital market regulator Securities and Exchange Board of India (SEBI) a step further, corporate records accessed by The Indian Express show that the controlling shareholder of Opal Investment Private Ltd, one of the 13 overseas funds under probe and the largest public investor in Adani Power Ltd, is a “single person company” established in the UAE in May 2019.
SEBI, in its probe as detailed in the Supreme Court-appointed expert committee’s report on Adani-Hindenburg, had identified one Zenith Commodities General Trading LLC as the controlling shareholder in Opal Investment Pvt Ltd and one Adel Hassan Ahmed Alali of UAE as its beneficial owner, as required under the Prevention of Money Laundering Act, 2002.
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