The Serious Fraud Investigation Office (SFIO) on Wednesday questioned Deloitte\u2019s former chief executive officer Udayan Sen and two others over alleged audit lapses in the books of Infrastructure Leasing & Financial Services (IL&FS). <\/p>\n
The probe agency had recently received a communique from a Deloitte Haskins & Sells whistle-blower, raising several audit shortcomings in the company\u2019s books. The letter alleged that the audit firm had recommended a complex structure to the infrastructure company and that it received a hefty fee from IL&FS. <\/p>\n
According to sources in the know, the serious fraud office has recorded statements of Sen and two other related persons in the matter. \u201cWe have sought certain information with respect to the books of IL&FS and its key subsidiaries and misrepresentation of the financials. We are probing the role of the auditors in the matter.\u2019\u2019 The recorded statements would be part of the final report, which is underway.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Serious Fraud Investigation Office (SFIO) on Wednesday questioned Deloitte\u2019s former chief executive officer Udayan Sen and two others over alleged audit lapses in the books of Infrastructure Leasing & Financial Services (IL&FS). The probe agency had recently received a communique from a Deloitte Haskins & Sells whistle-blower, raising several audit shortcomings in the company\u2019s books. The letter alleged that the audit firm had recommended a complex structure to the infrastructure company and that it received a hefty fee from IL&FS. According to sources in the know, the serious fraud office has recorded statements of Sen and two other related […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-271023","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271023"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271023\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}