Indian billionaire Gautam Adani funding Myanmar's military-linked company, say human rights groups

• ACIJ and JFM allege Indian company has ties with Myanmar military-linked company.
• The non-profit lawyers' and an activist group allege Indian industrialist Gautam Adani is paying nearly $52 million to company.
• The report says Adani Ports stands complicit in military’s atrocities and corruption through their direct payments.

Australian Centre for International Justice (ACIJ) and Justice For Myanmar (JFM) have alleged that India's Adani Ports is conducting business with a Myanmar military-owned company, Myanmar Economic Corporation (MEC), that was put under US sanctions following the coup in the country.

The Australian non-profit lawyers' and an activist group seeking justice in Myanmar has alleged that Indian industrialist Gautam Adani is paying nearly $52 million to the MEC — the company linked to the junta — for a port deal in Yangon, a statement issued in this regard said.

Yadanar Maung, spokesperson for Justice For Myanmar said: "Adani Ports has continued its business in Myanmar, despite an illegal military coup and the military’s ongoing crimes against humanity. Adani Ports’ business partner in Myanmar, now sanctioned by the US, is committing crimes against humanity as they deliberately kill peaceful protesters, torture detainees and steal public assets."

Maung claimed Adani Ports stands complicit in the military’s atrocities and corruption through their direct payments to a military conglomerate.

Similarly, Rawan Arraf, Executive Director at the Australian Centre for International Justice said: "We’ve studied several statements from Adani Ports since May 2019 regarding its deal in Myanmar involving the MEC and we have no confidence it will uphold its obligations to respect human rights and disengage from Myanmar."

The report said Adani Ports’ ignorance of its responsibilities to respect human rights and mitigate risks means it could be complicit in crimes under international law, and if Adani Ports refuses to disengage from its ties to the MEC, it should be considered in any targeted sanction measures.

The report has also published pictures of Adani CEO, Karan Adani, exchanging gifts with the Commander-in-Chief of the Myanmar military, Senior General Min Aung Hlaing, in July 2019.

"At the time of his visit, the Senior General was barred from visiting the United States because of the military’s atrocities against the Rohingya ethnic minority," the report said.

"The photos contradict Adani Ports’ February 2021 statement that denies engagement with military leadership," the report said.

The rights groups said the revelations exposing Adani Ports’ financial transactions with the MEC have prompted calls for major investors like HSBC, Norges Bank, BlackRock, PGGP, and TIAA among others, to immediately sever ties with Adani Ports, it added.