ICAP still investigating KASB-BankIslami merger

ICAP says with reference to news published earlier


News Desk October 10, 2017
ICAP. PHOTO: ICAP

With reference to the news published in The Express Tribune on October 6, 2017 titled ‘NAB to step up probe into KASB-Bank Islami merger’, the Institute of Chartered Accountants of Pakistan (ICAP) has stated that it initiated proceedings on receipt of a complaint in relation to the valuation assignment of KASB Bank Limited conducted by A.F Ferguson & Co., Chartered Accountants.

PBC, ICAP agree to conduct joint research

“The said complaint was laid before the investigation committee of ICAP under the provisions of the Chartered Accountants Ordinance, 1961. The proceedings by ICAP’s investigation committee are under way in accordance with the provisions of the Chartered Accountants Ordinance, 1961 and in no way has ICAP taken a decision to stop or drop the proceedings.”

Published in The Express Tribune, October 10th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read