‘Fraudulent deals of Rs 6,182 cr at DHFL’

Dewan Housing Finance Corporation Ltd (DHFL) on Monday stated its transaction auditor Grant Thornton has reported one other fraudulent transaction of Rs 6,182 crore within the firm.
The administrator of the corporate acquired an preliminary report from the skilled company appointed because the transaction auditor indicating that there are particular transactions that are “undervalued, fraudulent and preferential in nature”, DHFL stated in a regulatory submitting. The Rs 6,182-crore loss included Rs 210.85 crore in the direction of notional lack of curiosity on account of charging decrease charge of curiosity, the submitting stated. “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, falling under the sections of the code. Basis the investigation and observations of the transaction auditor, the administrator has filed an application before the Mumbai bench of the National Company Law Tribunal (NCLT),” the BSE submitting stated.