Adani rout puts spotlight on billions flowing through Mauritius

While it isn’t illegal to register businesses in low-tax jurisdictions like Mauritius, the allegations around the offshore shell firms appear to be a throwback to a time when the tourist paradise featured in a slew of other Indian corporate controversies since the late 1990s. The biggest of them was a stock market scandal that saw a broker drive up prices of select shares between 1998 and 2001.