What Does the first Forensic Audit on IL&FS Reveal?
Channel: NewsClickin
Date: 2019-03-15

In this episode, Sucheta Dalal, Managing Editor of Moneylife, decodes the first interim audit report by Grant Thronton on Infrastructure Leasing and Financial Services (IL&FS). The audit revealed at least 10 types of possible fraud by IL&FS Financial Services involving over Rs 13000 crore. The massive IL&FS scam came to light in September 2018 when the IL&FS group companies began defaulting their debt obligations. As of date, the IL&FS is under probe by several state agencies including SFIO