New Delhi, June 8 (IANS) Vedanta Resources has run into a credibility test in the US listing of its copper business, with auditors flagging concerns over the financial viability of its main asset, which has been piling up losses, according to a regulatory filing.The mining group has filed for an initial public offering (IPO) of CopperTech Metals Inc, a US-domiciled entity that owns and operates Vedanta’s Zambian copper mines and is expected to list on the New York Stock Exchange under the tick…
Latest Auditors News & Updates
New Delhi, Dec 23 (IANS) CobraPost editor Aniruddha Bahal on Tuesday alleged that related-party transactions exceeding Rs 10,000 crore have taken place involving Cholamandalam Investment and Finance Company Limited and entities linked to the Murugappa Group, describing the matter as a clear case of conflict of interest.Speaking to IANS, Bahal said the investigation found that auditors were charging unusually high fees.While high fees in themselves may not be an issue, he stressed that auditors a…