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…
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New Delhi, Dec 23 (IANS) Cobrapost news website on Tuesday alleged that for close to a decade, more than Rs 10,000 crore has moved through a web of related parties involving the Cholamandalam Investment & Finance Company Ltd. and a network of related Murugappa Group entities, family members, and key management personnel, raising raising regulatory and governance concerns.“Our investigation further indicates that portions of these funds were routed onward through additional transactions, th…