Overview

• IndusInd Bank’s current management lodged a police complaint after internal reviews found alleged control overrides and concealed accounting entries.
• The Economic Offences Wing is probing purported ₹2,000-crore irregularities, focusing on an unexplained “natural profit” on the balance sheet.
• During the preliminary enquiry, investigators have recorded statements from employees tied to the former CFO and deputy CFO without registering an FIR.
• EOW officials expect to summon former executives including MD & CEO Sumanth Kathpalia and senior executive Arun Khurana for questioning.
• This criminal-stage probe runs alongside SEBI’s separate market-rules investigation as the bank prepares to appoint Rajiv Anand as its next MD & CEO.