Grant Thornton is the world's seventh largest professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Read More
The rot at IL&FS started right from the top. Fresh revelations show how the Managing Director of IL&FS flouted rules and whose corrupt practices pretty much triggered the liquidity crises in India. ...
The liquidity crisis in the lending major IL&FS and its group companies such as IFIN is something the erstwhile management itself created and should have been aware of the dire consequences of their blatant financial mismanagement. ...
As several instances of collusion between crisis-hit IL&FS and its credit rating agencies have surfaced from the forensic audit of the lending group, the Grant Thornton report also shows that at times when rating agencies informed the company about a ...
From extending personal favours, like facilitating purchase of expensive villas, arranging tickets for football match in Madrid to manipulating and delaying the rating reports, former IL&FS top officials did it all to keep the distress in the company ...
