New Delhi: Adani Group's woes are not going down well. While shares of the company fell at a high speed, Norwegian company KLP, which invested in Adani Ports, has now started withdrawing its investments. KLP has withdrawn its investments due to Adani Ports' links with the Myanmar army.

In February this year, the Myanmar Army toppled the civilian government there. There were violent protests in Myanmar after the military coup. A large number of people were killed in these protests. This led to severe criticism from the Myanmar army globally and a variety of sanctions. India's giant port company Adani Ports and SEZ has leased land from a businessman associated with myanmar's army to develop the port in Rangoon, Myanmar. As a result, Adani is under scrutiny from international investors. The KLP has also withdrawn its investment on the basis of trade with Myanmar's army.

KLP said in a statement that the trade partnership between the Myanmar Army and adani group is a violation of his company's rules. So, we cannot raise this threat and we have decided to withdraw our investment from Adani Ports and SEz. At the same time, KLP has pointed out that there is a risk of weapons being imported from the terminal being developed by Adani.

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