NFRA imposes fine of ₹2 crore on Deloitte over lapses in ZEE audit

NFRA has imposed a penalty of ₹2 crore on Deloitte Haskins & Sells for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL) during FY2018-19 and FY2019-20. NFRA has also fined two CAs. The regulator's action stems from Deloitte's alleged failure to identify and report irregularities related to a ₹200 crore fixed deposit held by ZEEL in Yes Bank.