DHFL Case: Grant Thornton report flags fraudulent transactions of Rs 1,058 crore
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Last Updated: Dec 14, 2020, 06:37 AM IST
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The company, which is now being run under an administrator, had engaged Grant Thornton earlier this year to conduct an investigation into the affairs of the mortgage lender.
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New Delhi: Crisis-ridden non-banking finance company
DHFL on Sunday said fraudulent transactions of Rs 1,058.32 crore by way of undervaluation, fraud and preferential treatment to certain entities have been detected by transaction auditor Grant Thornton (GT). The company is undergoing resolution process under the Insolvency and Bankruptcy Code (IBC).
The company, which is now being run under an administrator, had engaged Grant Thornton earlier this year to conduct an investigation into the affairs of the mortgage lender.
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