IL&FS subsidiary IFIN to sell external corporate loan book of Rs 5,000 crThe company is yet to declare its results for 2019-20. "Entire external corporate loans of IFIN of around Rs 5,000 crore will be auctioned ...
19 Nov, 2020, 07.01 PM IST
NFRA bars ex-Deloitte CEO for 7 years, slaps Rs 25L fine for his role in IL&FS fraud“Udayan Sen is debarred for the period of seven years from being appointed as an auditor or internal auditor or undertaking any audit in re...
22 Jul, 2020, 06.14 PM IST
IFIN case: Regulator says Deloitte didn’t comply with guidelinesNFRA has said that Deloitte had failed to comply with auditing standards in carrying out statutory audit of IL&FS.
13 Dec, 2019, 09.23 AM IST
IFIN group lending: BSR says it had sought clarity from RBIBSR said the investigators had made false allegations against the auditors without understanding accounting principles and regulations.
21 Jun, 2019, 06.59 AM IST
Ex-CEO of IL&FS arm helped Fitch official buy villa, says probe report; Fitch investigating matterIL&Fs enjoyed high ratings from rating cos due to window-dressing of the company's books, the probe has found.
12 Jun, 2019, 09.21 PM IST
IL&FS probe: Ex-CEO of subsidiary helped rating agency official buy villa at discountSFIO found out that auditors sold certain products to the top management with a massive discount.
12 Jun, 2019, 06.10 AM IST
Funds blindly trusted rating agencies while investing in IFIN, feels SFIOFour rating companies had been involved in rating various instruments of IFIN during the period 2013-2018.
11 Jun, 2019, 08.46 PM IST
SFIO shows grey areas in IFIN evergreeningMost of the exposure to A2Z Group was rolled over for three years and planned to be migrated to a special purpose vehicle formed for the Ka...
11 Jun, 2019, 09.21 AM IST
IFIN case: Deloitte ignored RBI rules, finds SFIO probeDeloitte had disregarded the RBI's regulations and turned a blind eye to IFIN’s 'evergreening' of loans.
08 Jun, 2019, 08.30 AM IST
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper ridesThe SFIO probe reveals several cases where the bosses got benefits from borrowers in return for faster loans.
08 Jun, 2019, 06.12 AM IST
RBI had asked IFIN to clean up its books by 2019The central bank had raised objection over loans to group companies in 2017 review, sought corrective action.
04 Jun, 2019, 07.33 AM IST
Ex-IFIN directors okayed loans to Siva companies despite RBI reservationsFormer directors of IFIN bent rules to lend to Siva Group companies despite an RBI caution.
01 Jun, 2019, 03.21 PM IST
SFIO questions audit partner of KPMG India unitBSR jointly audited the books of IL&FS Fin Services with Deloitte Haskins.
02 May, 2019, 09.54 AM IST
IL&FS board seeks punitive action against Deloitte, BSRThe ILFS board has proposed punitive action against Deloitte & BSR & Co, part of the KPMG network.
01 May, 2019, 12.03 PM IST
SFIO finds Deloitte due diligence below par in IL&FS financial services auditReport says Bawa-helmed IFIN’s borrowings were made on basis of ‘fraudulently spruced up financials’.
17 Apr, 2019, 10.38 AM IST
IL&FS sees management collusion, fraud in IFIN’s bad loansThis is after discovering large-scale irregularities, which includes ever-greening of loans and funds being routed to entities that are ine...
28 Feb, 2019, 11.01 AM IST
ICAI Accounting Research Foundation to oversee reopening of IL&FS booksIn a release, the Institute of Chartered Accountants of India (ICAI) Monday said ICAI ARF has been assigned the task of "reopening" of the ...
11 Feb, 2019, 07.17 PM IST