MUMBAI, March 9 India's Adani Ports and
Special Economic Zone Ltd on Friday denied a media
report that said it was being investigated for possible money
Shares in Adani group companies fell after a Bloomberg
report, citing three unnamed people familiar with the matter,
said the ports unit had failed to win security clearances to
expand because it was being probed by the Indian government for
possible money laundering.
An external spokeswoman representing the group said Adani
Ports was not under government probe and there was no money
laundering at the company.
Adani Port shares were down 8.78 percent at 132.5 rupees
(Reporting by Tony Munroe and Abhishek Vishnoi; Editing by