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ACGA features in Bloomberg: Adani Contractor Probed by India Resurfaces Under a New Name

Sharmila Gopinath, ACGA Specialist Advisor, India, features in a Bloomberg article – Adani Contractor Probed by India Resurfaces Under a New Name.

Sharmila's comments are quoted below.

"The question is who is getting the money, what work are they doing for Howe and Adani, how is the money being spent?,"
"What reason is there not to disclose these payments when there are obviously deep ties with these people, with the owner?"
Sharmila expressed that more scrutiny is needed across India to assess payments by listed companies because investor money is involved.
"We need to tinker with related party transaction regulations because this has opened up a new can of worms,"

To read the full article, please visit Bloomberg.