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Deloitte Haskins & Sells quits as auditor of cash-strapped DHFL

However, the other joint auditor, Mumbai-based Chaturvedi & Shah, continues to service the company

DHFL
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DHFL

Sudipto Dey New Delhi
Deloitte Haskins & Sells, one of the joint auditors of the cash-strapped housing finance company DHFL, is believed to have put in its papers. In a communication to the Ministry of Corporate Affairs, the auditor has cited repeated failure on part of the company to provide them with sufficient explanation or information about certain unsecured borrowings. 

However, the other joint auditor, Mumbai-based Chaturvedi & Shah, continues to service the company, sources added.  

Earlier, both the joint auditors had noted in DHFL’s financial results for FY19 that there were irregularities in granting of certain loans and that they had reservations about management preparing