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Cong cites news on Adani auditor under NFRA lens, says something ‘truly rotten’ in conglomerate

10:46 AM Oct 26, 2023 | PTI |

The Congress on Thursday cited a media report that one of the Adani Group’s longtime auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

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Congress general secretary Jairam Ramesh’s attack on the Adani Group came after a media report claimed that the National Financial Reporting Authority (NFRA) has in recent weeks started an inquiry into one of the member firms of EY in India, S R Batliboi.

In his post on X, Ramesh said, “In May 2023, a little-known statutory auditor of Adani Total Gas Ltd resigned. In August 2023, another statutory auditor — this time an internationally known firm — resigned after flagging concerns on financial transactions of Adani Ports.” In October 2023, comes news of a third statutory auditor — also a big name in the profession — of five listed Adani Group companies being itself investigated by the National Financial Reporting Authority, Ramesh said.

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