Ajay Bhushan Pandey joins Aiib as Vice President | Today news

New Delhi: Former Indian government financing secretary and chairman of the National Financial Reporting Authority (Nfra) Ajay Bhushan Pandey joined the Asian Infrastructure Investment Bank (AIIB) as Vice President, Investment Solutions, the Beijing Headquartered Multilateral Development Bank has on its website said. India is the second largest shareholder of the bank. In this capacity, Pandey provides leadership and oversees the Department of Sectors, Themes and Financial Solutions, the Department of Sustainability and Fiduciary Solutions and Portfolio Management, Aiib said. Pandey will be based from Beijing. Read also | Center creates new SFC posts; Cleans Thermal Power Projects worth £ 21,547 CR “> £ 21,547 CR Pandey, which has a PhD in Computer Science at the University of Minnesota and a Bachelor’s degree in Electrical Engineering of the Indian Institute of Technology (IIT) Konpur, was in various new initiatives, including Appeal scheme of the income tax. Nfra, made awareness of the roles of statutory auditors, audit committees in companies and managers of the company preparing financial statements to improve corporate governance. Pandey also began disciplinary proceedings against the error of auditors and audit firms and defended the audit watchdog’s regulatory powers in various judicial forums, including the Supreme Court of India. Through his inspections, Nfra emphasized the areas where audit companies have to make improvements. Read also | Niti Aayog proposes incentives to promote the production of auto parts. Export -Audit firms should not fall prey to close interpretations of the law on what they are allowed to do, and what they are prohibited from offering, Pandey told Mint in an interview published on June 15, 2023. Auditors should be really to show professional skepticism and challenge management, Pandey said. AIIB is a multilateral development bank to finance sustainable infrastructure in Asia and beyond. The multilateral bank, which started in Beijing in 2016, was capitalized at US $ 100 billion and AAA is judged by major international credit rating agencies. The current estimate is to have cumulative approvals for US $ 50 billion by 2030. First published: 15 Apr 2025, 23:25 IST