India Ministry Probes Accounts of Adani’s Two Mumbai Airports
- Probe seeks information from 2017-22 period: Adani Enterprises
- Adani to respond to probe as per legal provisions: statement
A air traffic control tower at Chhatrapati Shivaji Maharaj International Airport in Mumbai, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s corporate affairs ministry has opened an investigation into the accounts of airports owned by Adani Enterprises Ltd. in India’s financial capital Mumbai and its suburb Navi Mumbai, the company said in an exchange filing on Friday.
Adani Enterprises, the flagship of billionaire Gautam Adani’s conglomerate, completed the acquisition of the Mumbai International Airport Ltd. and Navi Mumbai International Airport Ltd. in the financial year ending March 2022. A “significant part” of the information sought by the ministry pertains to 2017-22 period, the Gujarat-based company said.