IL&FS fraud case: Supreme Court allows SFIO to prosecute auditors

The Supreme Court on Wednesday allowed the Serious Fraud Investigation Office (SFIO) to resume criminal proceedings against former auditors of IL&FS Financial Services – BSR & Associates LLC and Deloitte Haskins and Sells LLP – for their role in the alleged financial irregularities at the beleaguered firm. It also directed the National Company Law Tribunal … Read more