Adani Ports Auditor Deloitte to Resign After Flagging Concerns

Formal announcement on Deloitte stepping down expected in days
Adani Group didn’t answer email and calls seeking comment

Containers vessels docked at the Port of Haifa, in Haifa, Israel, on Tuesday, Jan. 31, 2023. Indian billionaire Gautam Adani’s joint venture last year won a tender to buy the port for around $1.2 billion.Photographer: Kobi Wolf/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Sanjai P R, Hemal Savai, and Advait Palepu

August 11, 2023 at 11:23 AM UTC

This article is for subscribers only.

The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that 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.