A technicality in SREI's insolvency case has auditors at KPMG baffled

According to the report, which is replete with caveats and assumptions, the Srei companies had lent about Rs 8158 crore to “connected parties”, “refinanced” loans to “evergreen” them, and disbursed low-interest loans of long moratorium to multiple borrowers “without adequate justification,” two persons familiar with the findings told ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/dl0xZN2