Adani had a handful of auditors as young as 23 years old signing off on companies worth $100 billion, Hindenburg says

• Adani Group used auditors as young as 23 to sign off on accounts, Hindenburg said.
• The industrial giant used Shah Dhandharia, which had 11 employees, to audit companies worth $100 billion, per Hindenburg.
• Adani said all its auditors had been certified and qualified by the appropriate statutory bodies.

India's Adani Group used a firm with just 11 employees, some in their early twenties, to audit the accounts of two of its biggest companies, according to Hindenburg Research's scathing report on the industrial giant.

Hindenburg's 32,000 word report, published January 24, accused Adani of market manipulation, insecure debt, and accounting fraud.