Shareholder of Adani Investors, EIFM, had licenses revoked in 2022

  • Mauritian financial regulator, FSC, revoked the licenses of Emerging India Fund Management (EIFM), a significant shareholder for Adani companies.
  • EIFM had violated various provisions of anti-money laundering and corporate governance laws and started winding down operations following the revocation.
  • Emerging India Focus Funds and EM Resurgent Fund connected to EIFM are among overseas Adani investors being investigated under the Prevention of Money Laundering Act.
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