SEBI Orders Forensic Audit in September 2021, Brightcom Group Informs Exchanges Now
Moneylife Digital Team 28 February 2022
Almost six months after the Securities and Exchange Board of India (SEBI) ordered a forensic audit, Hyderabad-based Brightcom Group Ltd (BGL) shared the order with the stock exchanges on Monday.
In a communication, BSE says, "The Exchange is in receipt of a letter dated 16 September 2021, from SEBI, issued to the Company, Brightcom Group Ltd, informing the Company about the appointment of a forensic auditor, Deloitte Touche Tohmatsu India LLP, for conducting the forensic audit for the financial years FY15 to FY20. The same is being disseminated for the information of the Investors."
SEBI, in its order, has asked the forensic auditor to verify manipulation of books of accounts of the company and its subsidiaries, misrepresentation, including of consolidated financials and business operations, wrongful diversion or siphoning of company funds by promoters, directors and key managerial persons (KMPs).
2 years ago
Chor govt, chor regulator, chor banks, chor companies. All actions aimed to destroy investor money.
2 years ago
most are from non infra sector .. looks infrastructure are govt cronies and immune from legal pain
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