One of the Adani Group’s longtime auditors is being scrutinized by the accounting regulator, according to people familiar with the matter.
The National Financial Reporting Authority, or NFRA, has in recent weeks started an inquiry into one of the member firms of EY, S R Batliboi, said the people, who asked not to be identified discussing confidential information.
The regulator has requested files and communications related to its audits on some of the companies controlled by billionaire Gautam Adani going as far back as 2014, the people said.
It’s unclear how long NFRA’s inquiry may take or what repercussions, if any, may be faced by the auditor and Adani’s companies.
