The Economic Times

SFIO widens probe into IndusInd Bank; summons audit firms over 2,000 crore derivatives irregularities

The Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank over the last decade have been summoned. This probe follows questioning of former bank officials. The irregularities are estimated to have caused losses of around 2,000 crore. The investigation aims to uncover corporate governance issues and accounting discrepancies.