DHFL auditors discover fraudulent transactions worth Rs 14,046 cr

The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor

Transaction auditors appointed by the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to investigate the affair of the company in its initial report has found certain transactions were fraudulent in nature.

According to the report, the monetary impact of the fraudulent transaction in the books of the company is to the tune of Rs 14,046 crore and the notional loss is Rs 3,348 crore, because of charging lower rate of interest to certain entities fraudulently.

“The total impact of such transactions as detailed in the transaction auditor’s report has been sought from the relevant entities involved, along with the interest for