Ruckus again due to Hindenburg report, Deloitte left the auditing of Adani Port, gave this reason

Deloitte, one of the world's top auditing companies, has resigned from the post of auditor of Adani Group's port company. The main reason for the company to skip auditing has been attributed to some of the transactions that were questioned in the Hindenburg Report. However, Adani Port has appointed a new auditor.

The report of Hindenburg Research has become like an 'evil genie' for the Adani Group, which repeatedly creates difficulties for it. Now Deloitte, which has been the auditor of Adani Port and Special Economic Zone, the flagship company of Adani Group since 2017, has resigned from the job. Its wires are also connected to Hindenburg Research. Deloitte is one of the top auditing companies in the world.

However, after the resignation of Deloitte's auditor, Adani Group has appointed 'MSKA & Associates' as the new auditor of Adani Port. Still, what happened that Deloitte, which was handling the auditing work since 2017, suddenly left the auditing work, whereas in 2022 itself, Deloitte was given an extension of 5 years.

Hindenburg Report Wire

Recently, Deloitte had expressed concern about the 3 transactions of Adani Port, which were mentioned in the Hindenburg Research report. In view of this, Deloitte Group also wanted access to the accounts of other companies of Adani Group, so that it could be audited properly. There were differences between the company's management and Deloitte regarding this, and Deloitte made up its mind to bid farewell.

MSKA & Associates, the new auditor firm of Adani Port, is actually an independent unit of BDO International. It is one of the top-6 audit firm in the world. Deloitte's resignation information has also been confirmed by Adani Port.

Adani Port has recently declared its April-June quarter results. In this, the company's profit has jumped 80 percent to Rs 2,119.38 crore. On Friday, the stock of Adani Group closed at Rs 800.65, down by Rs 2.25.