Coffee Day Enterprises has roped in former DIG of Central Bureau of Investigation (CBI) Ashok Kumar Malhotra to investigate the contents of the letter allegedly written by its late founder V G Siddhartha and scrutinise its books of accounts.
This assignment was earlier given to global audit firm EY. But it has now been reassigned owing to ‘certain conflict of interest’, the Bengaluru-based company said.
“It has been ascertained by the board in discussions with EY that it has certain conflict of interest to carry out the referred assignment, since they are rendering services in the area of taxation, software and have