A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to pre-occupation , Adani Total Gas Ltd said.
Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate.
Adani group has repeatedly denied all allegations.
Adani Total Gas Q4 Results: Adani Total Gas Limited (ATGL) profit in the same quarter fell 34 per cent Quarter-on-Quarter (QoQ) as the amount in the December quarter stood at Rs 150.19 crore, the company said in a filing with the stock exchanges.