Adani investors-linked Mauritius firm lost licence in 2022: Report

Mauritius' Financial Services Commission revoked business and investment licences of Emerging India Fund Management (EIFM) in May last year, The Indian Express reported. EIFM is the controlling shareholder of two Mauritius-based funds that invested in Adani Group firms and are currently under probe, the report said. The licences were reportedly revoked over violations of money laundering rules.