Financial TimesFinancial Times

Secret paper trail reveals hidden Adani investors

By John Reed and Dan McCrum

30 Aug 2023 · 11 min read

From the outside, the Global Opportunities Fund in Bermuda looked like any regular investment fund: broad, bland, and uncontroversial.

On the inside, however, two men were using the fund for a specific purpose — to amass and trade large positions in shares of the Adani Group, one of the biggest and most politically connected private conglomerates in India.

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