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IL&FS Case: NFRA bans former Deloitte head from auditing for 7 yrs, slaps Rs 25 lakh penalty

IL&FS Case: NFRA bans former Deloitte head from auditing for 7 yrs, slaps Rs 25 lakh penalty

Jul 23, 2020, at 03:37 am

New Delhi/IBNS: The National Financial Regulatory Authority (NFRA) has banned former Deloitte Haskins and Sells LLP head Udayan Sen from auditing for seven years and slapped a fine of Rs 25 lakhs for auditing lapses at Infrastructure Leasing & Financial Services Ltd (IL&FS), media reported.