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Last Updated : Jun 18, 2019 03:16 PM IST | Source: Moneycontrol.com

Deloitte CEO Punit Renjen flies in for damage control: Report

Renjen, who visited India for personal reasons, met officials in New Delhi, according to the report.

Deloitte chief Punit Renjen met Indian government officials on June 14 to persuade them against a possible ban, according to a report in The Economic Times.

Renjen, who visited India for personal reasons, met officials in New Delhi, sources told the paper.

Moneycontrol could not independently verify the news.

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The National Company Law Tribunal (NCLT) asked for a ban on Deloitte Haskins & Sells and BSR & Co over perceived gaps in their role as auditors of Infrastructure Leasing and Financial Services (IL&FS).

“Punit makes frequent personal trips to India; however, as a policy, we don’t comment on the specific travel plans of our executive leadership,” a Deloitte spokesperson told the publication.

The topic will likely be discussed at the company's annual global meeting in Singapore, the report added.

The Serious Fraud Investigation Office (SFIO) had named the two auditing firms in its chargesheet, following a probe into IL&FS.

If NCLT bans Deloitte, the company's plans to hire 40,000 employees in India will be affected, the report said.

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First Published on Jun 18, 2019 03:16 pm
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