Adani Hindenburg row: Israel’s Minister of Economy Nir Barkat stated on Tuesday that his nation trusts Indian businesspeople and would like to welcome more investors from India despite allegations of fraud against the Adani Group. Israel’s Haifa port was purchased by the Adani Group for $1.2 billion in January of this year. A few days prior, US-based short-seller Hindenburg had accused the group of engaging in “stock manipulation” and fraud by employing offshore shell companies. At that time, this incident took place.
It is none of our business what’s happening here-Barkat
When asked if the charges against the conglomerate with an interest in Israel concerned him, Barkat responded, “Israel allowing an Indian company to acquire one of the two ports is testimony that we trust Indian business people and the Indian government. It is none of our business what’s happening here.”
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Malka chosen to serve as executive chairman of the Haifa Port
Ron Malka, a former Israeli ambassador to India, was chosen earlier this month to serve as executive chairman of the Haifa Port, which is controlled by the Adani Group and its Israeli partner Gadot Group. Malka a picture writing, “I’m honored and privileged to take office today as Executive Chairman of the Haifa Port Company, on behalf of @AdaniOnline. The experience and expertise of Adani and Gadot, combined with the dedication of the port workers, will take Haifa Port to new heights of prosperity.”
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