NEW DELHI: The Institute of Chartered Accountants of India (ICAI) on Thursday said it has written to the RBI, in the hunt for an inventory of corporate borrowers of public sector banks with over Rs 2,000-crore loan outstanding, so that their accounts will also be examined by the Financial Reporting Review Board for any imaginable violation of accounting standards as well as auditing.
In a past due night observation, ICAI, which described itself as being proactive, additionally said its disciplinary directorate had served show-cause notices on statutory auditors of PNB as well as auditors of Gitanjali Gems, while asking Sebi, CBI and ED to proportion findings of investigations associated with the alleged fraud committed by Nirav Modi and Mehul Choksi.
In a observation, ICAI said it had summoned the deputy GM of PNB to provide a duplicate of FIR, all documents associated with the alleged fraud and proportion details of the modus operandi. ICAI has additionally written to its mother or father ministry — the ministry of corporate affairs — asking for to be triumphant upon Sebi, CBI, ED and PNB to proportion their findings with
In a past due night observation, ICAI, which described itself as being proactive, additionally said its disciplinary directorate had served show-cause notices on statutory auditors of PNB as well as auditors of Gitanjali Gems, while asking Sebi, CBI and ED to proportion findings of investigations associated with the alleged fraud committed by Nirav Modi and Mehul Choksi.
In a observation, ICAI said it had summoned the deputy GM of PNB to provide a duplicate of FIR, all documents associated with the alleged fraud and proportion details of the modus operandi. ICAI has additionally written to its mother or father ministry — the ministry of corporate affairs — asking for to be triumphant upon Sebi, CBI, ED and PNB to proportion their findings with
ICAI to review cos with over Rs 2,000cr loans
![ICAI to review cos with over Rs 2,000cr loans]()
Reviewed by Kailash
on
February 25, 2018
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