DHFL to face transaction audit on Yes Bank links
The central bank appointed administrator at Dewan Housing Finance (DHFL) has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank.
Grant Thornton has been asked to submit a report within a month, sources aware of the development told media. The bank subscribed to bonds sold by the home financier, which in turn allegedly lent to companies owned by former Yes Bank promoter Rana Kapoor or his family members. DHFL did not respond to an email query. Grant Thornton could not be contacted immediately for comments.
Earlier, the home financier appointed Grant Thornton India LLP as the transaction auditor for the whole corporate insolvency resolution process (CIRP).