Indian court quashes government’s call for ban on Deloitte, KPMG affiliate


FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

MUMBAI/NEW DELHI (Reuters) – An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm.

The government had sought to impose a five-year ban on Deloitte and KPMG’s affiliate, BSR & Associates, for aiding the alleged fraud at a unit of Infrastructure Leasing & Financial Services, whose near-collapse in 2018 had triggered financial contagion fears.

Deloitte’s term

Read More