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India probes L&T's employee welfare arm for alleged fraud

The Registrar of Companies has issued a notice to two companies -- LandT Welfare Co Ltd. and L&T Employees Welfare Foundation -- seeking their response

Larsen & Toubro (L&T) | Welfare Fund | Registrar of Companies

Shruti Srivastava | Bloomberg 

welfare, workers, construction, daily wager
The inspection was ordered after an internal inquiry into the allegations made a case for the probe | Photo: Bloomberg

India is inspecting accounts of L&T Employees Welfare Foundation Pvt Ltd, a unit of Larsen & Toubro, for allegations of cheating and misappropriation of funds, people with knowledge of the matter said.



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First Published: Fri, August 13 2021. 14:26 IST