As the murky affairs of the ILFS Group continue to be probed and unfold, particularly those related to its financial services subsidiary IFIN, its shocking malpractices and crimes, are coming out in the open. While its directors like Hari Sankaran, Ramesh Bawa etc. who are the kingpins of this huge corporate crime, have been arrested, it is the conscious collusion of the auditors with these white collar criminals, that make this saga very disturbing. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhragav talks about why action against Auditors who do not report financial crime is necessary.
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