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Will Swiss authorities unfreeze the $310 million in Adani investigation by March 31, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Swiss prosecutors or Swiss Federal Criminal Court records
Story
Swiss Authorities Freeze $310 Million in Six Banks in Adani Investigation
Sep 13, 2024, 03:12 AM
Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into the Adani Group, dating back to 2021. The investigation involves allegations of money laundering and securities forgery. Swiss prosecutors revealed that the funds were held by an alleged frontman for Gautam Adani in six banks. The Federal Criminal Court disclosed these details, and the Swiss media outlet GothamCity reported the information, which was cited by Hindenburg Research. The Adani Group has strongly denied these allegations, stating that they have no involvement in any Swiss court proceedings and that none of their company accounts have been subject to sequestration.
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Yes • 50%
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Yes • 50%
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UBS • 25%
Credit Suisse (as part of UBS) • 25%
Other Swiss bank • 25%
No bank faces action • 25%
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Conviction • 25%
Acquittal • 25%
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