Exclusive: IL&FS' final audit complete, exposes web of corruption, shady loans

Moneycontrol
Moneycontrol
  • 5 years ago
India's fifth largest auditor Grant Thornton has submitted its final forensic audit report on IL&FS last week to the new board of the company. In the report, the auditor has found 107 instances of loan evergreening, loans given without proper collateral and management links with borrowers companies.

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