 "Mumbai police arrests two former statutory auditors in NSEL scam")
Six years after the payment default took place on the National Spot Exchange (NSEL), the Economic Offences Wing (EOW) of the Mumbai Police on Friday arrested two former partners of SV Ghatalia & Associates (SVGA).
SVGA was the statutory auditor of NSEL between FY10 and FY12, and is a network firm of global accounting major EY.
The EOW produced both the partners before the Sessions court, which sent the duo to police custody till the next hearing, scheduled for Monday. Attempts to reach EOW officials did not yield any result.
“We are surprised and dismayed at the sudden course of action taken by
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