Rs 114-bn PNB scam: Auditor Deloitte seeks answers from Nirav Modi company

The auditor to Modi's Firestar International, Deloitte signed off the accounts for financial years ended March 2016 and March 2017

Deloitte Touche Tohmatsu India LLP, the auditor to Nirav Modi’s holding firm Firestar International Pvt Ltd (FIPL), has sought more information from the company after it came to light that Modi companies had defrauded Punjab National Bank of Rs 114 billion.

According to a source close to the development, Deloitte was the auditor to FIPL for two years and signed off the accounts for financial years ended March 2016 and March 2017. The firm continues to be the auditor to both Nirav Modi firms.

Sources said the audit reports for the past two years could not detect any scam at