Adani appoints Grant Thornton for audit to come clean on Hindenburg allegations

New Delhi: Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators.

Sources said the audit is primarily to show to regulators like



the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws.

The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.