More trouble for Gautam Adani? Deloitte may resign as Adani Ports' auditor, says report

livemint.com:

The crisis wrought by US short seller Hindenburg's explosive report against the Adani Group appears to be continuing till date. US-based accounting giant Deloitte is reportedly mulling an exit from Adani Ports in the coming days. The development mere weeks after the Indian unit of the firm raised concerns over transactions between Adani Ports and three entities ‘unrelated parties’ - also flagged in the short-seller's report.

According to a Bloomberg report quoting people in the know, Deloitte Haskins & Sells LLP has already communicated its resignation plans to Adani Ports & Special Economic Zone Ltd. While the reports remain unverified at the moment, a a formal announcement is expected in coming days. The publication however noted that Deloitte and Adani Ports had not responded to requests for comments.

the Gautam Adani-led conglomerate, Hindenburg's allegations around alleged improper use of tax havens, convoluted related party transactions and the group's debt levels, which the group has denied. A formal announcement is expected in the coming days. The report remains unverified, with a formal announcement is expected in coming days ports-to-power auditor of billionaire Gautam Adani’s ports business is planning to resign Adani Group-linked stocks have lost nearly $147 billion in market value earlier this year after U.S.

short-seller Hindenburg Research raised questions on the group's corporate governance. Adani Group called Hindenburg's report a "malicious attempt" at damaging its reputation. In May, a Supreme Court of India panel said it was "not possible" to conclude regulatory failure on allegation of price manipulation.