Deloitte quits as auditor of Adani Group's ports business

Accounting firm cites company's lack of independent probe into Hindenburg claims

20230814 Deloitte and Adani

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

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.

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