Search
40 CAs under RBI Scanner in Light of Bad Loans
April 11, 2018
As the Reserve Bank of India continues to fight the bad loans problem, it has identified 35-40 chartered accountants (CAs) that may have contributed to the same on purpose.
According to sources, RBI believes that the identified CAs sided with the promoters of certain entities to help with the defaulting and debt-restructuring, etc.
Even as more and more companies are brought under the Insolvency and Bankruptcy code to fight the bad loans, RBI is also looking into the key individuals who are part of these firms that may have assisted in the illegal activities.
