ED summons senior executives of Deloitte in IL&FS money laundering case

Trouble is mounting for audit firms as the Enforcement Directorate (ED) issued summons to senior executives of Deloitte Haskins and Sells in connection with an ongoing money laundering probe against Infrastructure Leasing & Financial Services (IL&FS).  According to enforcement sleuths, audit firms and auditors are likely to be called for probe soon.

Confirming the development, an ED official said Deloitte’s senior management was asked to appear before the agency on June 12. “We have asked the audit firm to get relevant documents required in the case and indicated that all the related firms and individuals will be rounded up.”

Sources said those