Key Points
The ED searched the Mumbai offices of Deloitte Haskins & Sells (DHS), the Indian arm of Deloitte, and KPMG associate firm BSR & Co..
DHS had rotated out as IFIN's auditor in fiscal 2018,while BSR resigned from the role in June 2019 after allegations of irregularities at the non-bank finance company came to light.Agencies..
The Enforcement Directorate searched the offices of the former auditors of IL&FS Financial Services (IFIN) on Wednesday, nearly three years after the federal agency filed a money-laundering case over alleged financial irregularities at Infrastructure Leasing and Financial Services (IL&FS) and its group companies...
"Also, the said probe is underway and not yet closed by the agency, so the question of whether the notification has been applied retrospectively will be a question taken up by the adjudicating authority or the courts," the official explained, adding: "The notification strengthens the ED to probe the role of those who audited the books and also bring them under the ambit of a money-laundering probe."..
According to officials in the know, ED's teams reached Deloitte's office at Indiabulls Finance Centre in Lower Parel and KPMG's office at Nesco Center, Goregaon early morning and started quizzing the audit teams..
