Adani Ports appoints new auditors after Deloitte resigns

The move comes after Adani Ports voted at a board meeting Saturday to accept the resignation of Deloitte Haskins & Sells LLP. The appointment is effective until the date of the company’s next annual general meeting to be held in 2024, Adani said in a regulatory filing.

The Indian unit of Deloitte in May raised concerns over transactions between Adani Ports and three entities that Adani said were unrelated parties. The auditor said at the time it couldn’t verify Adani’s claims and couldn’t determine if the business was fully compliant with local laws. Bloomberg News reported Friday that Deloitte planned to resign.

Deloitte Haskins & Sells said in a letter dated Aug. 12 that it’s tendering its resignation as statutory auditors because “we are not statutory auditors of a substantial number of other Adani Group of companies.”