India seeks bans on Deloitte and KPMG affiliate for alleged auditing lapses
11 June 2019 - 17:47
Mumbai — India is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years, alleging lapses in their audits of a unit of Infrastructure Leasing & Financial Services (IL&FS), which the government took control of in 2018.
India’s corporate affairs ministry told a company law tribunal that the companies “miserably failed” to fulfil their duties as auditors for IL&FS Financial Services (Ifin), a filing seen by Reuters shows...
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