Who the fuck owns Adani?

The Greens are going bananas and are using the senate to demand an urgent investigation into who the fuck owns Adani. Quite a thing that would be easily known you'd think given that Adani is the Indian company that Newman wanted to build Australia's biggest coal port at Abbott Point. Right smack in the middle of the Great Barrier Reef for the coal ships.

The beginning of the end for the Abbott Point coal expansion? Perhaps so. The soon to be new Labor QLD gov I have a feeling will junp on any excuse to can the whole thing. Who could trust a shonky company set up like this?

The federal government is being urged to investigate the ownership structure of Australia's largest coal development, Indian billionaire Gautam Adani's multi-billion dollar Carmichael coal mine in Queensland. 

The Greens will move a notice of motion in Canberra calling on the government to "urgently establish which individuals or corporate entities control the Abbot Point coal terminal and the Carmichael mine". 

It comes after a Fairfax Media investigation raised questions about the ultimate ownership of the Abbot Point development, which has been the subject of fierce opposition from environment lobbies because of its proximity to the Great Barrier Reef. 

The federal government has not moved to defend Adani, instead calling on Labor in Queensland to vouch for the proponents of the project. 

Company documents suggest Gautam Adani does not ultimately control many of the companies associated with his company's Australian coal developments. Instead his eldest brother, Vinod Shantilal Adani, holds pivotal positions. 

Vinod has been named in an Indian criminal investigation into the alleged siphoning of $1 billion from Indian shareholders in three Adani companies into offshore accounts. 

A web of companies that appear to be linked to Adani's coal developments in Australia extends from the low tax regime of Singapore to the tax haven of the Cayman Islands. 

Complicating matters is conflicting paperwork, with Indian documents suggesting Adani Enterprises divested its stake in Abbot Point port for $235 million in 2013 to a private Singapore entity for which Vinod is the sole director. 

But records held by the Australian Securities and Investments Commission, and annual reports for Adani's registered Australian companies, continue to name a publicly listed Indian company, Adani Ports and Special Economic Zone, as the ultimate shareholder for the port. 

After the revelations, Greens senator for Queensland Larissa Waters is demanding the government investigate "whether all relevant disclosures have been made to Australian regulators". Read more