Forensic audit finds no fraud, fund diversion at Reliance Home Finance

As part of the debt resolution process, lenders of the company, which had defaulted on some repayment obligation following the shadow banking crisis, appointed Grant Thornton in August 2019 for forensic audit, as required under the RBI guidelines on Prudential Framework for Resolution of Stressed Assets under change of control and management.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NiPjbk