Get latest articles and stories on India at LatestLY. DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has alleged. India News | Nine Real Estate Firms Under CBI Scanner for diversion of Rs 14,683 Cr DHFL Funds.
Funds siphoned through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty
Read more about DHFL auditor unearths another fraudulent transaction worth Rs 6,182 cr on Business Standard. According to findings of Grant Thornton (GT), these transactions happened over a period of time
DHFL case: Auditor Grant Thornton unearths another fraudulent transaction of Rs 6,182 cr
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Last Updated: Feb 22, 2021, 01:39 PM IST
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Synopsis
The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature , DHFL said in a regulatory filing.
Agencies
DHFL said the application to NCLT has been filed against 33 respondents, including Kapil Wadhawan, Dheeraj Wadhawan, Creatoz Builders, Ikshudip Fincap, Rite Developers and certain other entities.
Dewan Housing Finance Corporation (
DHFL) on Monday said its transaction auditor, Grant Thornton, has reported another fraudulent transaction of Rs 6,182 crore in the company.