India's Adani Group is facing a fresh controversy after a new report says it used "opaque" funds to bypass rules that prevent share price manipulation.
The report alleges the group invested millions of dollars in publicly traded stocks of its own companies through offshore structures.
It names two individual investors who allegedly bought and sold the stocks on the group's behalf.
The Adani Group rejected the claims, calling them "meritless".
Shares of Adani Enterprises, the group's flagship company, were trading down 2.82% on the benchmark BSE index.
India's Adani Group is facing a fresh controversy after a new...
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