Thursday, October 15, 2026

IndusInd Bank accounting lapse: Mumbai EOW begins preliminary enquiry into complaint from current management

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Mumbai’s Economic Offences Wing (EOW) has launched a preliminary enquiry (PE) into an alleged accounting lapse at IndusInd Bank, based on a complaint from the bank’s current management.

While speaking to CNBC-TV18, Mumbai’s Economic Offences Wing said they have recorded statements from staff members linked to the offices of the bank’s former Chief Financial Officer (CFO) and former Deputy CFO. They added that Sumant Kathpalia, Managing Director and CEO of IndusInd Bank, and Arun Khurana, another senior official, will be summoned in due course to record their statements.

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It must be noted that this is a PE, not a First Information Report (FIR). A PE is conducted to establish whether a matter is cognisable before filing an FIR. During this process, the agency can summon individuals and record their statements.

However, EOW can summon the former CFO and former Deputy CFO as part of the enquiry.

ALSO READ | IndusInd Bank staff earning over ₹1 crore more than double in five years

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