Sources said the probe by the Serious Fraud Investigation Office (SFIO) had thrown up several instances of the auditor’s failure to prevent a fraud that has put the entire financial system at risk. “There have been lapses which allowed the fraud at IL&FS to go on for years,” said an official.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DB0l78
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