Mumbai Police to quiz IndusInd's former CEO and deputy CEO

Mumbai Police are set to question former IndusInd Bank CEO Sumant Kathpalia and other executives regarding alleged financial irregularities. The enquiry, initiated after a complaint by the bank, focuses on inconsistencies in accounting methods related to unhedged Japanese yen contracts. These irregularities led to overstated profits and deferred losses, now totaling nearly 2,000 crore.