Grant Thornton Submits Forensic Audit To IL&FS Mgmt, Points To Unholy Nexus Between Co & Agencies
  • WebDesk BTVI
  • Jul 19 2019

India's largest NBFC, IL&FS has a debt exposure of close to Rs 94,000 Cr. The government superseded the board of IL&FS 9 months back, despite that, new facts unravelling. In the latest forensic audit conducted by the government nominated board, the report has highlighted the nexus between the then management and credit rating agencies which fudged the ratings to cover up all the financial misdeeds. On this episode, we will discuss in detail this 105-page forensic report and its implications