Adani Ports says Deloitte auditor resignation arguments not convincing
NEW DELHI: Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move".A source told Reuters on Friday Deloitte decided to resign from the role amid concerns over certain transactions flagged in a report by Hindenburg, which the company did not wish to look into independently.The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group. The group has denied Hindenburg's allegations made in January around alleged improper use of tax havens, convoluted related party transactions and the group's debt levels.In recent meetings with Adani Ports leadership, Deloitte indicated a lack of a wider audit role as auditors of other listed Adani portfolio companies, but the Indian compan...