In February this year, the PNB had detected fraudulent transactions at the Brady House branch. The chartered accountants’ apex body has made a list of the statutory auditors of the Brady House branch during 2011-12 to 2016-17, and asked them to appear before its board of discipline. “ICAI has issued notices to statutory auditors of the Brady House branch under the Chartered Account Act, 1949, to appear before Board of Discipline and offer an explanation,” ICAI member S.B. Eight statutory auditors, who had audited the lender’s Brady House branch in Mumbai during that period, have been issued notices. In February this year, the second largest public sector bank PNB had detected fraudulent transactions at the Brady House branch.

Source: Mint April 15, 2018 11:26 UTC