Forensic audit finds no fraud, fund diversion at Reliance Home Finance
Lenders of the company had appointed Grant Thornton for the audit, as required under the RBI guidelines.
Reliance Home Finance gave Rs 12,000 crore loans to 'indirectly linked' borrowers: Forensic audit
The forensic auditor found “anomalies” in t...
Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report
Forensic audit of Unitech, done on SC's order...
Big 4 audit companies scramble for forensic assignments of scam-hit corporates
Players see up to 25% growth in forensic business in past 3 years even as strict regulatory action hits audit operations.
Infosys audit committee finds no evidence of executive misconduct
The announcement came ahead of the company's December quarter results.
Make decisions faster, get rid of non-performers, Gadkari tells officials
“Our goal is to make good quality roads in the least time possible and reduce the cost of construction,” Gadkari said at the National Highways Excellence Award 2019 event here on Tuesday. “I am after my Secretary (road transport and highways) to give me a list of unproductive people,” Gadkari said.
Reliance Home Finance hits 5% lower circuit
Reliance Home Finance said the report confirmed the company's internal findings.
Sebi comes out with system audit framework for exchanges, clearing corporations
The decision has been taken based on discussions with stock exchanges, clearing corporations and depositories along with recommendations of Sebi's Technical Advisory Committee.
RBI expects forensic audit report on PMC Bank by month-end
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
SC tells govt to start managing Unitech
“The Supreme Court has asked government of India to take over the management of Unitech. The auditors have submitted that at least Rs 5,000 crore of funds received from home buyers was not utilised for construction of projects,” said Pawan Shree Agarwal, amicus curiae in the matter
RBI flagged irregularities at PMC Bank in 2007: Audit
The fraud could have been prevented had the board acted on the central bank's findings, said officials who are aware of the investigations into the bank fraud and the contents of the forensic report prepared by Grant Thornton India.
After forensic audit report, mutual funds plan to go after DHFL promoters
These institutional lenders want Wadhawans, the promoter group, to arrange funds in the light of the findings of the forensic audit conducted by a Big4 firm. The MFs will soon raise the issue in the three-member committee formed by the Reserve Bank of India (RBI) to help the administrator in recovering about Rs 84,000 crore that DHFL owes to the system.
Closely monitoring situation at PMC Bank; forensic audit underway: RBI Guv
unjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans. "PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters.
DHFL tanks 5% on forensic audit pointing to fund diversion
KPMG found that DHFL promoters diverted nearly Rs 20K cr of bank loans to related entities.
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