COX & KING
The newly appointed Statutory Auditors have come across the fact that the audited consolidated financial statements of Prometheon Enterprise Limited (a material overseas subsidiary of the company, incorporated in the United Kingdom) as used for the purpose of preparation of Consolidated Financial Statements of ‘M/s Cox & Kings Limited’ for FY 2018-19 (by the erstwhile Statutory Auditor, M/s DTS & Associates LLP), were not signed by the auditor of Prometheon Enterprise Limited i.e. “Raffingers” and allegedly forged financial statements were used by the previous Statutory Auditors for the purpose of Consolidated Financial Statements while issuing their Auditors Report dated May 30, 2019 on Consolidated Financials.
Cox & King Ltd.pdf (25.0 KB)
The newly appointed Statutory Auditors, in the course of the performance of his duties as auditor, have a reason to believe that an offence of fraud involving Rs.1 Crore or above (individual amount), is being or has been committed in the Company by its officers or employees and accordingly correspondences to the Ministry of Corporate Affairs is in process.