Ferguson Spikes Tata Fin Report

Auditors A F Ferguson & Company today sought to draw the curtains on the Tata Finance controversy by withdrawing its report on the affairs of the company.

Ferguson has assigned a new, independent team from the firm to probe the Tata Finance affairs and produce a new report. The first report, which was critical of the working of the Tata group and the role of former Tata Finance vice-chairman Kishore Chaukar, was submitted in April.

Ferguson also returned a cheque for Rs 95 lakh, which it had accepted as part-payment for the report.

In a press statement, Ferguson expressed concern over the leak of