DHFL case: Auditor unearths another Rs 6K crore fraud

MUMBAI: Dewan Housing Finance Cor poration (DHFL) said its transaction auditor, Grant T hornton, has reported another fraudulent transaction of Rs 6,182 crore in the company.

The administra tor of the company r eceived an initial report from the pr ofessional agency appointed as the transaction auditor indicating that there are certain transactions which are "undervalued, fraudulent and preferential in nature", DHFL said.

"As per the transaction auditor report shared with the administrator, the monetary impact of the above transactions covered under the application amounts to Rs 5,381.90 crore towards outstanding principal, Rs 589.36 cr ore to wards accrued interest and Rs 210.85 crore towards notional loss of inter est on account of charging lo wer ra te of interest," said the filing about the estimated impact on the company.

Further, the estima ted amount in volved in this fraud transaction places the monetary impact a t around Rs 6,182.11 cr ore (which includes Rs 210.85 crore as notional loss of interest), said the company.