MUMBAI: The investigation wing of the corporate affairs ministry, Serious Fraud Investigation Office (SFIO), on Wednesday questioned an audit partner of BSR Co LLP in Delhi, widening the ambit of its probe into the role of auditors in the IL&FS case. We transitioned into the audit of IL&FS Financial Services as joint auditors only recently in FY 18. We are not the auditors for IL&FS or any other material subsidiary of IL&FS. SFIO has made two arrests - Hari Sankaran, former VC, IL&FS and Ramesh Bawa, former MD & CEO, IFIN. Incidentally this is also the first set of arrests made by the agency in Mumbai.

Source: Economic Times May 01, 2019 18:11 UTC