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

RBI wants IndusInd Bank promoters, the Hindujas, cut to size

After successive controversies and growing unease over promoter influence, the central bank is reshaping the lender—starting with management, moving to its board and tightening the screws on ownership.

Business
Story image

The weight-loss wave that’s changing India—one sector at a time

Mounjaro’s blockbuster debut has already sparked a seismic shift across Indian healthcare, diagnostics and pharma. A marked change in consumer behaviour looks imminent.

Business
Story image

Abu Dhabi’s $16 billion push to become a finance magnet

Highlights from Abu Dhabi Finance Week, Qatar’s new (and bolder) AI ambition and the bid for Warner Bros. Discovery.