Tree House Education & Accessories

After a six-year long forensic audit, Sebi has given a clean chit to Tree House Education & Accessories Ltd, its promoters and other officials in a case related to alleged misstatements of the company's financials. In its letter to Tree House Education dated October 19, Sebi's corporate finance investigation department has written to the promoters that no action would be taken against the company after the forensic audit initiated by the regulator showed no instances of any financial misgivings. "The forensic audit and investigation of Sebi now completed. In furtherance of the terms and reference to the forensic auditor and consequent investigation of Sebi, no action is proposed to be taken against you," the regulator said in its letter. The reprieve for the company comes after a six-year long audit by Sebi following unsubstantiated allegations. Following the allegations in 2016, Sebi had initiated an investigation for the period from April 2011 to June 2017. After this, Sebi in ..

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