DHFL case: Auditor flags fraudulent transactions
New Delhi: Fraudulent transactions worth Rs 12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19, according to transaction auditor Grant Thornton. According to the auditor’s report, this pertains to certain irregularities in loan disbursements towards the...
Updated At : 12:41 PM Sep 29, 2020 IST
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New Delhi: Fraudulent transactions worth Rs 12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19, according to transaction auditor Grant Thornton. According to the auditor’s report, this pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority (SRA) projects undertaken by the company in the past. Earlier this year, the administrator of Dewan Housing Finance Corporation Limited (DHFL), appointed under the Insolvency and Bankruptcy Code (IBC), obtained assistance from Grant Thornton to conduct an investigation into the affairs of the mortgage firm. pti
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