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ADANI: "who they are and the source of their funds"



Adani firms are new entrants to public markets. They ended up with a similar bunch of shareholders when they were spun off from Adani Enterprises, the flagship. *As to who they are and the source of their funds, those questions should be asked of the offshore managers themselves, he said.*

Trouble is, Bloomberg News couldn't find contact details for Markus Beat Dangel, Anna Luzia Von Senger Burger, and Alastair Guggenbuchi-Even and Yonca Even Guggenbuehl, the names Chaudhary gave in parliament as persons responsible for Cresta, Albula and APMS, respectively.

The International Consortium of Investigative Journalists' "Offshore Leaks Database" lists *Beat Dangel as a judicial representative and director at Malta-based Lascaris Capital Fund and Prime Pan-Asia Investment Fund. The ICIJ website has a Swiss address for Beat Dangel.*

Guggenbuchi-Even is the chief executive and partner at Zurich-based Monterosa Group, according to his LinkedIn profile. When Indian opposition lawmaker Mahua Moitra asked in parliament if people at Monterosa are under investigation by Indian agencies, the minister said no. As part of its job of ensuring the integrity of Indian stock markets, the regulator must have full knowledge of these fund bosses. So it should go ahead and invite them over. Raj Bhatt, the London-based chairman and CEO at Elara Capital, should be easy to get: He hosted an investment event in Mumbai recently, attended virtually by Indian Finance Minister Nirmala Sitharaman. 


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