Ex-IndusInd Bank Dy CEO faces EOW probe over Rs 1,960 crore accounting lapse: Report

Aug 13, 2025

Synopsis
The Economic Offences Wing has launched a preliminary inquiry into alleged accounting irregularities at IndusInd Bank. This investigation centers on a ₹1,960 crore loss attributed to mis-accounting of derivative trades, involving Arun Khurana, the bank’s former Deputy CEO. Executives are also suspected of trading the bank’s shares before the lapses were publicly disclosed.

The Economic Offences Wing (EOW) has initiated a preliminary enquiry into alleged accounting irregularities at IndusInd Bank, reported ET NOW citing sources.

Arun Khurana, the bank’s former Deputy CEO and treasury head, is under investigation in connection with a Rs 1,960 crore loss linked to mis-accounting of derivative trades. Khurana had resigned from his post on April 28, 2025.

According to ET NOW sources, certain executives traded the bank’s shares before the lapses became public. The former Deputy CFO may also be summoned as part of the probe.

[The Economic Times]