Latest News on Forensic Audit
Showing of 0 - 10 from 16 results
Forensic Audit - Total results - 16
Dec 31, 2018
Jet Airways in talks with SBI for Rs 1,500-cr short-term loan; Etihad likely to provide guaranteeJet 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.
Dec 28, 2018
Sebi refuses to grant stay on forensic audit of Inter Globe Finance; suspected to be a shell companyHowever, 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".
Dec 21, 2018
Jet Airways board holds unscheduled meeting to discuss fundraising; chairman Naresh Goyal wants to retain control in airlineNaresh 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.
Dec 20, 2018
DGCA monitoring cash-strapped Jet Airways' financial health, safety issues on fortnightly basisAviation 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
Dec 14, 2018
In more troubles for cash-starved Jet Airways, State Bank of India orders forensic audit by EYArray
Oct 26, 2018
Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash dealsThat Amrapali auditors turned a blind eye to its management’s shenanigans for a quid pro quo, makes it a Satyam redux.
Oct 10, 2018
Supreme Court action against Amrapali directors sends the right message to home buyersApparently, the Supreme Court suspects huge diversion of funds and hence it is looking beyond the companies themselves to retrieve the money to the extent possible for the beleaguered and hapless home buyers.
Oct 02, 2018
IL&FS crisis shows warts of smart alec financial engineering; govt must treat it as opportunity for reformThe IL&FS crisis is best treated as an opportunity to end a PPP mess so that the role of the state and private sector companies are properly delineated with clarity on accountability at various levels.
Aug 03, 2018
Shell companies clampdown: Sebi says trading restrictions to continue against Pacific Finstock, promoters and directorsThe regulator said that the firm also failed to give any reason as to why the errors did not come to its notice till the time Sebi highlighted the same.
May 04, 2018
DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homesPost-Nirav Modi scam, DRT is flooded with cases for adjudication and recovery by banks but a senior officer said on the condition of anonymity that the majority of big cases involving huge sums of money are being settled as per the whims and fancies of bank officials and big borrowers.