Wednesday 24 October 2018

Amrapali diverted homebuyers' money to shell cos: Auditors to SC

The auditors, who were entrusted with the task of tracking the trail of diversion of over Rs 2,765 crore of homebuyers' money by conducting forensic audit of all 46 companies of the group, told a bench of Justices Arun Mishra and U U Lalit that their preliminary investigations revealed that money was diverted to at least 20 shell companies.

from Times of India https://ift.tt/2ShOX5v
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