Deloitte misses major fraud by Nigerian firm that had only ₹4,100 cash

Deloitte is under scrutiny after missing a major fraud at Nigeria's Tingo Group. Tingo's books, audited by Deloitte, listed $462 million as cash balance. However, US SEC's investigations later revealed that the company only had $50 (₹4,150) in cash. Hindenburg had accused Tingo of inflating financials, saying "any semi-conscious finance undergrad with severe vision loss" could have spotted it.