R. Batliboi & Co. LLP, a member company of the international financial audit firm EY is AGEL's statutory auditor. The following table lists TotalEnergies' current stakes in ventures with Adani: TotalEnergies' exposure resulting from these stakes is limited, as it represents 2.4% ($3.1 billion at December 31, 2022) of the Company's capital employed and only $180 million of net operating income in 2022. These investments being accounted for under the equity method, TotalEnergies has not performed any re-evaluation in its accounts of its stakes in the listed entities ATGL and AGEL in relation to the increase in their stock values. CNN said Adani Group declined to comment on whether it was planning to appoint one of the Big 4 accounting firms as auditor. CNN also contacted all four firms, none responded immediately to a request for comment. Would firms even touch this? Read the full Hindenburg Research report here.