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ICAI reviews financial statements of Mallya's firms

The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore.     Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of violations. The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore (Rs 94 billion). Warning of strict action ... Rediff.com, 2 months ago
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