The Reserve Bank of India (RBI) has appointed an auditor for a special audit of the book of accounts and transactions of First Leasing Company of India, from the year ended March 31, 2010. A C Muthiah, the chairman of First Leasing, also said its board of directors had accepted last week's resignation of Farouk Irani as managing director (MD), though this would not absolve him of accountability to the company, stakeholders and statutory authorites........
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