Auditors ask Dewan Housing additional queries on fund deployment

DHFL received clean chit from independent audit firm in March on Cobrapost allegations on fund diversion

Deloitte Haskins and Sells, the auditor of embattled Dewan Housing Finance Corporation (DHFL), has raised additional queries to the company on its annual accounts. The queries are related to fund deployment by the housing finance company, said sources.

A DHFL official said the company had informed the stock exchanges on May 29 that it had sought additional time till June 30 to submit FY19 accounts. The company had said the results are delayed due to the requirement of submission of the IndAS compliant audited standalone and consolidated financial results for the first time which requires additional resources, time and effort