DHFL auditor Grant Thornton reports further fraud of ₹6,182 crore
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Transaction auditor cites deals that were ‘undervalued, fraudulent, preferential’
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Transaction auditor cites deals that were ‘undervalued, fraudulent, preferential’
Dewan Housing Finance Corporation (DHFL) on Monday said its transaction auditor, Grant Thornton, had reported further fraudulence amounting to ₹6,182 crore in the company.
The administrator of the company received an initial report from the agency appointed as the transaction auditor indicating there were certain transactions that were “undervalued, fraudulent and preferential in nature”, DHFL said in a regulatory filing.
“The monetary impact of the above transactions covered under the application amounts to ₹5,381.90 crore towards outstanding principal, ₹589.36 crore towards accrued interest and ₹210.85 crore towards notional loss of interest on account of charging lower rate of interest,” s