'IndusInd taps Grant Thornton for fraud checks'

'IndusInd taps Grant Thornton for fraud checks'
IndusInd Bank has appointed Grant Thornton to conduct a forensic review into accounting lapses detected this month and to check if there is any evidence of fraud or internal misstatements, said two people with knowledge of the matter. IndusInd shares have lost about 23% since it disclosed on March 10 that its derivatives portfolio was overvalued by around 2.4%.

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