The brand of the Adani Group is seen on the facade of its Company Home on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave Purchase Licensing Rights
BENGALURU, Oct 13 (Reuters) – Billionaire Gautam Adani’s Adani Enterprises (ADEL.NS) stated on Friday that India’s ministry of company affairs had began an accounting probe associated to its two airports in Mumbai.
Adani stated the ministry had sought info and paperwork on the items – whose acquisition was accomplished within the monetary yr 2021-22 – spanning monetary years 2017-18 and 2021-22.
Adani Group didn’t instantly reply to a Reuters request for remark looking for additional particulars.
The investigation is the most recent in a string of troubles for the conglomerate since a U.S. quick vendor earlier this yr accused it of improperly utilizing offshore tax havens and inventory manipulation.
India’s Ministry of Company Affairs had in February initiated one other probe into the Adani Group’s monetary statements.
A separate probe into suspected violations in abroad investments within the Adani group by India’s markets regulator has “drawn a clean“, a court-appointed panel stated in Might.
Reporting by Nandan Mandayam in Bengaluru; Modifying by Janane Venkatraman and Anil D’Silva
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