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Financial Technologies India Ltd
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Financial Tech: Deloitte washing its hands of a Rs 5,500 cr scam
Fp Archives •Deloitte has taken shelter under Standard on Auditing 560 (SA) issued by the Institute of Chartered Accountants of India (ICAI). This standard deals with subsequent events i.e. the events that happened between the balance sheet date and the date of audit report.
Financial Tech auditor withdraws report after NSEL payment crisis
Fp Archives •Auditors have raised serious doubts on accounts of Jignesh Shah-led Financial Technologies India Ltd (FTIL) saying the financial statements for 2012-13 cannot be "relied upon" any "longer" in the wake of payment crisis at the firm's subsidiary, NSEL.
Govt orders commodity regulator to probe why NSEL suspended trading
Fp Archives •A major crisis erupted at National Spot Exchange today after it suspended most trades on its platform, prompting the government to order an enquiry by the commodity regulator FMC.