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Deloitte flags Adani Ports transactions, citing lack of review | Hellenic Shipping News Worldwide

Deloitte flags Adani Ports transactions, citing lack of review | Hellenic Shipping News Worldwide
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Deloitte flags Adani Ports transactions, citing lack of review

Auditor Deloitte has issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone due to insufficient disclosures about certain transactions, bringing attention back to allegations made by short seller Hindenburg Research about Gautam Adani s empire.

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Deloitte Flags Holes in Adani Ports Deals, Cites Need for Review

As per Bloomberg, Deloitte Haskins & Sells LLP expressed concerns on Tuesday about the port unit's transactions with three unrelated firms. However, the auditor stated that it was unable to certify that the parties were unrelated, and that the firm has declined to obtain an independent external assessment that would help prove this.

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