Australian High Commissioner Barry O’Farrell said Monday the Adani Group is doing well in business and remains the largest Indian investor in Australia.

Speaking to reporters here, O’Farrell said the impact of the Hindenburg report on the Adani Group is a matter for Indian regulators and that there have been no reports of the group ceasing operations in Australia.

“Mr Adani’s investments in Australia are fully operational and fully deploying the resources, be it clean energy or coal. There are no reports I have seen in Australia that its operations have gone out of business. So he is still a significant investor from India in Australia,” the envoy replied to questions about the Adani Group.

The Adani Group operates a port terminal, coal mines and solar energy projects in Australia.

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The Australian envoy added that the Adani Group is probably the largest investor from India in Australia.

“He has successful businesses in Australia. In countries like Australia and India, where there is an Economic Cooperation and Trade Agreement (ECTA), Free Trade Agreement or Comprehensive Economic Cooperation Agreement, people make decisions about investing or buying businesses based on what they believe to be the case is in their interest at this point. These matters are not government affairs,” O’Farrell said.

The envoy declined to say whether Australian Prime Minister Anthony Albanese, who is visiting India from Wednesday, will meet Adani.