DHFL auditors raise red flags around numbers, loans

DHFL auditors raise red flags around numbers, loans
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Highlights

Flagging concerns over financial numbers of housing finance company DHFL, auditors of the debt-ridden firm said there were irregularities in granting of certain loans as well.

New Delhi: Flagging concerns over financial numbers of housing finance company DHFL, auditors of the debt-ridden firm said there were irregularities in granting of certain loans as well.

The auditors had raised several red flags around the audited numbers of the fourth quarter ended March 2019.

While stating that they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion, the auditors put out several qualifications and disclaimers.

"We were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the statement," said DHFL's auditors Deloitte Haskin & Sells and Chaturvedi & Shah said.

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