A) While most things in life are gray - including the supposed backing for said corporate by the gov - and we can argue endlessly about them without either you or I being wrong.
However certain things are indeed binary and non negotiable.
- A medical doctor violating the hippocratic oath
- A civil engineer accepting a bribe to certify a structurally unsound bridge..
- A publicly listed firm playing fast & loose with their books
B)
Now you could argue that point #3 is not necessarily true - but amongst many things, there are two make the current situation highly suspect for anyone willing to let go of their preconceived notions
i) Using a C maybe D grade firm as the auditor and certifying authority for what is (or definitely was) amongst the largest public firms in the world. Have added a few articles at the bottom - take a look and think for yourself if you would use this entity for even your personal books
ii) I am not sure where you are from but lets say Maharastra.
If I accuse you of murder when caught with a smoking gun - but you actually have a valid alibi.. The first thing you would do is present evidence to refute my allegation.
What you will definitely not do is this - " How dare this Bihari chap attack a Maratha. This is an attack on Maharastra itself"
Unfortunately thats exactly what seems to be happening here
PS:
Here are some links for your perusal - you can choose to disagree with the inferences drawn but the factual aspects in here are indeed true
The audit partners at Shah Dhandharia who signed off on Adani Enterprises and Adani Total Gas’ audits were as young as 23.
www.goingconcern.com
And here is an Indian house that had flagged this back in July
The Financial ExpressRAISE A FLAG: Two proxy advisory firms advise against voting for Adani’s resolutions“Gautam Adani is the chairman and managing director of the company. ... and reappointment of Shah Dhandharia & Co as statutory auditors of....24-Jul-2022