Norway’s sovereign wealth fund has divested from a unit of the Adani Group amid growing concerns over alleged corruption, according to a report by MLex. The decision marks a significant setback for the Indian conglomerate, which has faced increased international scrutiny in recent months. This move underscores the fund’s ongoing commitment to ethical investment practices and highlights the rising challenges multinational companies encounter in maintaining corporate governance standards.
Adani Group Unit Excluded from Norway Sovereign Wealth Fund Citing Corruption Allegations
The sovereign wealth fund of Norway has officially divested from a subsidiary of the Adani Group, citing serious concerns involving alleged corruption. This decision aligns with the fund’s commitment to ethical investment standards and reflects increasing global scrutiny over corporate governance in emerging market conglomerates. The exclusion affects the unit’s market standing, signaling a broader…
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Author : Ava Thompson
Publish date : 2026-02-27 16:24:00
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