Danish pension funds have invested millions in company accused of malpractice

An Indian conglomerate is accused of corruption and price manipulation. A number of Danish pension funds have invested in the company.

Danish Pensam is one of the ten pension funds that have or have recently had money in an Indian conglomerate accused of improper trading. | Photo: PR/ Pensam Bank

by ASKE MUFF

Ten Danish pension funds have invested a total of DKK 165m (EUR 22.12m) in the Indian company, Adani Group, which is accused of corruption and price manipulation. This is reported by Danish business daily Børsen with reference to a report from the Danish website, Pensionsmaskinen, which is run by the media, Danwatch.

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