The Role of Offshore Entities in Adani's Conglomerate

A Financial Times report claimed that half of all FDI foreign direct investment into Adani's conglomerate in recent years came from offshore entities linked to his family. Experts say the role of these offshore entities make an already very complicated corporate structure more opaque by its nature. The best way I can answer this, Milan, is that complex ownership webs are not new to a business journalist in any fashion. And why just Indian? I think for tax and regulatory arbitrage reasons, I've seen complex layers of ownership even in large multinational groups.