{"id":282159,"date":"2019-07-15T06:17:36","date_gmt":"2019-07-15T06:17:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282159"},"modified":"2019-07-15T06:31:39","modified_gmt":"2019-07-15T06:31:39","slug":"ilfs-scam-deloitte-misreading-law-in-challenging-ban-call-says-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-scam-deloitte-misreading-law-in-challenging-ban-call-says-govt\/","title":{"rendered":"IL&amp;FS scam: Deloitte misreading law in challenging ban call, says govt"},"content":{"rendered":"<p>India has told National Company Law Tribunal, the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu is misreading a key federal law as the firm seeks to avoid a five-year ban on new business, according to legal documents reviewed by Reuters on Sunday.<\/p>\n<p>Deloitte Haskins &amp; Sells LLP is contesting the government&#8217;s call for the ban on the auditor for its alleged involvement in a financial fraud.<\/p>\n<p>The government has said it detected several violations of auditing standards by Deloitte and a KPMG affiliate while investigating fraud at IFIN, a unit of Infrastructure Leasing &amp; Financial Services, whose debt defaults last year triggered fears of a financial contagion. Both auditors deny wrongdoing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has told National Company Law Tribunal, the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu is misreading a key federal law as the firm seeks to avoid a five-year ban on new business, according to legal documents reviewed by Reuters on Sunday. Deloitte Haskins &amp; Sells LLP is contesting the government&#8217;s call for the ban on the auditor for its alleged involvement in a financial fraud. The government has said it detected several violations of auditing standards by Deloitte and a KPMG affiliate while investigating fraud at IFIN, a unit of Infrastructure Leasing &amp; Financial Services, whose [&hellip;]<\/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":[130],"tags":[],"class_list":["post-282159","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282159","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=282159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}