'Indian regulator probes Adani auditor EY'

NT Correspondent

New Delhi: The National Financial Reporting Authority (NFRA), India's accounting regulator, has reportedly launched an investigation into one of EY's member firms in the country, S.R. Batliboi.

S.R. Batliboi is responsible for auditing specific companies within the Adani Group, as per sources cited by Bloomberg in a report published on Wednesday.

According to the report, the NFRA's inquiry commenced in recent weeks, and they have requested documents and communications related to the audits of Adani-controlled companies dating back to 2014.

S.R. Batliboi conducts audits for five of Adani's listed firms, including Adani Power, Adani Green Energy, Adani Wilmar, as well as recently acquired ACC and Ambuja Cements.