Forensic Audit

DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms

The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities.

DHFL audit firm TP Ostwal & Associates likely to come under scanner of SEBI, RBI after giving clean chit to company

KPMG, which carried out the forensic audit, has submitted a draft report to the lenders, which has reportedly found the DHFL promoters had diverted nearly Rs 20,000 crore to its related entities.

CG Power case: SEBI bans Gautam Thapar, 3 others from capital markets for fund diversion; orders forensic audit

SEBI prima facie noted that the chairman along with certain directors, employees of CG Power and related entities, had perpetrated certain irregularities.

SEBI orders forensic audit of financial statements for three financial years from 2015-16: Sun Pharma

Sun Pharma, however, did not provide any specific details on the reasons for the Securities and Exchange Board of Indiato order the forensic audit.

IL&FS crisis: SFIO identifies top management, auditors and independent directors of IFIN involved in fraud case

The SFIO is also collecting details about all borrowings by IFIN from banks and through market instruments, as also about the role of banks and their officials and of credit rating agencies.

Amrapali Group gave flats, penthouses as fees to lawyers; accepting fees in kind is violation of law: SC

The court-appointed forensic auditors, detected siphoning of over Rs 400 crore by Surekha, MD of a listed firm, who according to them, is an authorised signatory of Amrapali in banks since 2016.

Jet Airways in talks with SBI for Rs 1,500-cr short-term loan; Etihad likely to provide guarantee

Jet Airways is facing cash drought with its financials in perils. Promoter Naresh Goyal is looking to infuse capital in a manner where he does not have to lose control of the airline which he set up 25 years ago.

Sebi refuses to grant stay on forensic audit of Inter Globe Finance; suspected to be a shell company

However, Sebi removed the restrictions placed on the promoters and directors of IGFL regarding sale of securities of IGFL after finding "no prima facie evidence of misuse of funds".

Jet Airways board holds unscheduled meeting to discuss fundraising; chairman Naresh Goyal wants to retain control in airline

Naresh Goyal retaining control was reportedly a major issue that became a roadblock in Jet Airways talks with Tata Sons for a possible stake sale over a month ago.

DGCA monitoring cash-strapped Jet Airways' financial health, safety issues on fortnightly basis

Aviation regulator DGCA is assessing the "health" of cash-crunched Jet Airways on a fortnightly basis following a financial audit of the carrier in August this year