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Deloitte to resign as Adani Ports auditor
Mint Mumbai
|August 12, 2023
Resignation due to difference of opinion' on some transactions
Deloitte Haskins & Sells has decided to resign as the statutory auditor of Adani Ports and Special Economic Zone Ltd, a person directly aware of the development said, raising concerns about the company's accounting practices yet again.
A formal announcement of Deloitte Haskins' resignation is expected soon, the person said, declining to be named, citing the sensitivity of the matter.
"Deloitte Haskins sought some information and clarification. There seems to be a difference of opinion with the company's top management about certain transactions," the person said.
The resignation comes just days before the much-anticipated probe report on the Adani Group by the Indian market regulator.
The Supreme Court directed the Securities and Exchange Board of India (Sebi) to submit its investigation report on Adani Group's market transactions involving 13 suspicious foreign portfolio investors by 14 August.
Emailed queries to spokespeople for Deloitte and Adani Group did not elicit any response.
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