INSUBCONTINENT EXCLUSIVE:
may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.Deloitte Haskins -
Sells LLP has communicated to Adani Ports - Special Economic Zone Ltd its resignation plans and a formal announcement is expected in coming
days, one of the people said, asking not to be identified discussing a sensitive matter.The Indian unit of the global accounting giant in
May raised concerns over transactions between Adani Ports and three entities that Adani said were unrelated parties
An email and calls to the Adani group were unanswered
SR Batliboi, a member firm of Ernst - Young, has also repeatedly issued qualified opinions on the financials of Adani Power Ltd, while a
member of global accounting giant KPMG resigned as co-auditor of Adani Green Energy in 2021 and turned down a request by the conglomerate to
The group has in recent months disclosed fresh fundraising plans, raised billions from GQG Partners and Qatar Investment Authority and
sought refinancing with international banks as it seeks to recover from the shortseller attack and return to business as usual.
