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CA Institute keenly watching Birla-Lodha developments

Our Bureau

Chennai , July 16

THE Institute of Chartered Accountants of India is keeping a close watch on the developments regarding the Birla-Lodha tussle.

The Institute's President, Mr Sunil Goyal, said on Friday that it would take a view on whether or not there was any breach of ethical conduct on the part of Mr R.S. Lodha, a Chartered Accountant, based on the information that emerges over the next week or so.

Office bearers of the institute said that there were two kinds of pressures on the institute — one, calling for protecting Mr Lodha against losing his auditing mandate from the Birla group, and the other, calling for finding out if Mr Lodha had breached any ethics, and if yes, punishing him.

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