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India says Deloitte misreading law against call for 5-yr ban: Report 

The government reportedly told a tribunal that Deloitte was misreading law by arguing that the case against it should be dismissed as its term at |L&FS unit IFIN had ended when the fraud was alleged. "Fraud continuing till date on account of errant past auditor...can be covered under law," it added. India is seeking a 5-year ban on Deloitte India.

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