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
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
Reliance Capital’s auditors pulled up for ‘recklessness and unprofessionalism’

You may also like

Business
Story image

HDFC Bank’s supposed can of worms needs to be opened and investigated

Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.

Business
Story image

Dubai’s property market is getting tested, as Iran war drags on

There is a slowdown in transaction volumes and analysts are projecting a decline in future prices. But nobody is anticipating any crashes yet.

Business
Story image

Reliance’s $3 billion deal sparks life in green ammonia sector

Mukesh Ambani's conglomerate signs one of the world's largest binding green ammonia offtake agreements. In doing so, it delivers a credibility boost to an industry stuck between ambition and execution.