Govt orders probe into Eros International’s accounts

The Ministry of Corporate Affairs has ordered an inspection of the accounts of Eros International Media, two government officials told Reuters, after the market regulator in June accused the media group of financial misreporting and fund diversion.

The ministry ordered the probe after it was “satisfied” that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.