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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In throwing out the appeal of an alleged Adani group proxy, the Swiss court has called into question the all-clear given to the conglomerate by the Indian authorities on allegations of rigging share prices and flouting securities law.
The authorities in Switzerland seem to have taken a very different view of the allegations against the Adani group from their counterparts in India.
In a verdict issued in August and published on 11 September, Switzerland’s Federal Criminal Court, its top court of appeal, threw out an appeal to unfreeze an entity’s bank accounts. In doing so, it indirectly weighed in on allegations that the Adani group’s promoters, through middlemen, hold more shares in their listed companies than is legally permissible, and that the middlemen are involved in a scheme to rig the share prices of the group’s listed companies. …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.
