Adani GroupDeloitte quits as auditor of Adani Group's ports business
Accounting firm cites company's lack of independent probe into Hindenburg claims
Accounting firm Deloitte says it was hamstrung by the lack of of an external examination by Adani Group's ports business into alegations of financial irregularities.
SAYAN CHAKRABORTY, Nikkei staff writer
August 14, 2023 19:01 JST
BENGALURU -- Deloitte has resigned as the auditor of Adani Group's ports business, saying the failure of the conglomerate to commission an independent examination into short-seller Hindenburg Research's allegations of financial irregularities curbed its ability to scrutinize potential related party transactions.