ED searches Deloitte, BSR offices in IL&FS money laundering probe

The Enforcement Directorate (ED) on Wednesday carried out searches at Mumbai offices of two audit companies — Deloitte Haskins and Sells and KPMG-affiliated firm BSR & Associates — in connection with a money-laundering probe into alleged financial irregularities at IL&FS, a senior official told Business Standard.

The searches were also conducted at the office and residences of former partners of these two audit firms responsible for statutory audit of IL&FS Financial Services (IFIN), a group company of IL&FS, who filed for bankruptcy in 2018.

This is following the Supreme Court order setting aside a Bombay High Court verdict that quashed an SFIO probe against the two companies,