Tag Archives: audit

Battered Bain Retreats from India, Files Law Suit Against Ernst & Young in US Court

Global equity firm Bain Capital Partners LLC is suing EY (Ernst & Young) in a US court for false auditing reports showing inflated sales figures for Indian firm Lilliput Kidswear, which turned into a huge loss of $60 million. Battered Bain, which is exiting from another Indian company Hero Motocorp, is moving the court in US against EY for “fraud, ...

Read More »

Expenditure on NREGA, other rural schemes are open to audit by the CAG: Jairam Ramesh

Union Minister for Rural Development and Drinking Water Supply and Sanitation Jairam Ramesh said here that after extensive consultations with the C&AG, it has been agreed that all expenditure on all the schemes of the two Ministries will be open to audit by the Comptroller & Auditor General both in the Centre and the States. He said, the action plan ...

Read More »