BlackRock raises concerns about SpiceJet accounts

BlackRock is reported to have raised the alarm over “substantial accounting irregularities” at SpiceJet, reports India news service Mint. BlackRock has not specified details of the irregularities, but at a shareholder meeting on December 30 voted the investor voted against audit committee member Shiwani Singh, who is the wife of SpiceJet CMD Ajay Singh, being appointed as a director and rejected the resolution to adopt financial statements due to “serious qualifications by auditors”. Other investors are reported to have followed BlackRock’s lead and voted against the resolutions. A spokesperson for SpiceJet told Mint that the investors never sought clarification from the company nor