Reliance Capital’s auditors pulled up for ‘recklessness and unprofessionalism’

In 2019, PwC had resigned as the auditor after flagging suspected fraud of over Rs 12,500 crore, but co-auditor Pathak H.D. & Associates failed to conduct thorough checks.

15 April, 20241 min
0
Reliance Capital’s auditors pulled up for ‘recklessness and unprofessionalism’

You may also like

Business
Story image

Subsidies, soft demand and an open door to Europe: Sula’s perfect storm

In one of its worst years yet, India’s largest winemaker is facing headwinds on all fronts and has little by way of a plan.

Business
Story image

Has Devyani International turned a corner?

There’s something for both pessimists and optimists in the QSR player’s Q3 results. Right now, it looks like a coin toss where this business will go next, which makes the euphoric market reaction seem out of place.

Business
Story image

The shadow of geopolitics on Saudi Arabia reforms

The kingdom has to bet on de-escalation between the US and Iran to preserve economic momentum and safeguard foreign investment flows.