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The Serious Frauds Investigation Office (SFIO) is understood to have arrested Ramesh C Bawa, former chief executive (CEO) of IL&FS Financial Services (IFIN), who had switched off his phone and vanished after the Supreme Court of India dismissed his petition challenging the SFIO’s powers to arrest him.
An anonymous whistleblower, who claims to be part of the “senior management team at Deloitte, Haskins and Sells LLP (Deloitte)” and has been “privy to several internal irregularities in providing professional services to the IL&FS (Infrastructure Leasing & Financial Services) group” has written to us outlining how the audit firm benefited by helping the failed group fudge its accounts year after year
Parag Agrawal being appointed Twitter’s new CEO marks yet another Indian-born tech executive stepping up to be a new leader of the global tech industry. Just in January this year, we had Arvind Krishna, another Indian-American business executive, promoted to the Chairman of IBM. He had also been serving as the CEO of IBM since April 2020.