https://www.taxtmi.com/news?id=35266 Authorities have summoned representatives of several firms that audited New India Cooperative Bank during the period of alleged large-scale misappropriation; partners from the initial audit firm and other auditors are being questioned and a forensic audit may be sought to trace the funds. The probe follows a complaint alleging a conspiracy to embezzle funds, has resulted in arrests of senior bank officials, and a criminal case has been registered for Criminal Breach of Trust and Criminal Conspiracy, while the bank's board has been superseded and an administrator appointed. en-us Tue, 25 Feb 2025 19:31:03 +0530 Tue, 25 Feb 2025 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35266 Authorities have summoned representatives of several firms that audited New India Cooperative Bank during the period of alleged large-scale misappropriation; partners from the initial audit firm and other auditors are being questioned and a forensic audit may be sought to trace the funds. The probe follows a complaint alleging a conspiracy to embezzle funds, has resulted in arrests of senior bank officials, and a criminal case has been registered for Criminal Breach of Trust and Criminal Conspiracy, while the bank's board has been superseded and an administrator appointed. News - Tue, 25 Feb 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=35266