How India Lost Billions To South Korea – Adani Scandal

Due to the Adani Scandal, where Chang Chung-Ling violated sanctions against trading with North Korea, India has lost billions to South Korea.

There is evidence indicating that an entity linked to the Adani Group financially supported a company that violated sanctions imposed by the United Nations Security Council (UNSC) on trade with North Korea. The sanctioned company was owned by sons of Chang Chung-Ling, an Adani Group associate who appeared in the Hindenburg report due to his directorship of Adani entities under scrutiny in that report. At the heart of this issue is a tanker that transferred oil products to a North Korean ship in violation of UNSC sanctions in December 2017. A 2018 report by the UNSC on illegal trade with North Korea identifies this vessel and associated people and companies. This article analyses other official materials to show that those people and companies have documented ties to the Adani Group.

The Koti, courtesy Agence France-Presse / Getty Images. T...

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