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Clues by NC Team • 19 Jul 2019, Friday

The NCLT has given a go-ahead to the government to prosecute Deloitte and BSR Associates for their failure to detect and report the scams that took place across the IL&FS Group and 21 other entities, when they were the auditors of IL&FS Financial Services. The NCLT in an order said the corporate affairs ministry can go ahead with prosecution based on the findings of the probe conducted by the Serious Fraud Investigation Office. The tribunal also allowed to the government plea to prosecute Udayan Sen, a partners of Deloitte, and BSR Associates partners Kalpesh Mehta and Sampath Ganesh.

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