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Sunday, March 17, 2013

HDFC Bank hires Deloitte to conduct forensic audit

NEW DELHI: HDFC Bank today said it has appointed accounting and audit firm Deloitte Touche Tohmatsu India to carry out an independent forensic enquiry into allegations of some of its officials facilitating money laundering activities.

The bank has also appointed Amarchand & Mangaldas & Suresh A Shroff & Co to examine the breaches, if any, of the bank's Code of Conduct & Ethical Standards, by any bank officials, HDFC Bank said in a statement.

"The bank is committed to the highest standards of compliance, corporate governance and ethics, and has in place systems and procedures to ensure that its business is conducted in compliance with laws and regulations," it said.

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