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.

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

You may also like

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.

Business
Story image

Infra.Market is a hamster wheel looking at a make-or-break IPO

The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.

Business
Story image

B.R. Shetty gets called out in Dubai for lying under oath

A Dubai court’s verdict against the disgraced NMC founder, XPANCEO’s new, expanded laboratory and other headlines from the week.