To hide fraudulent deals, DHFL has used various software: forensic report

To hide fraudulent deals, DHFL has used various software: forensic report

 

Bankrupt housing finance firm, Dewan Housing Finance Company (DHFL) had used completely different mortgage accounting software program to cover fraudulent transactions involving lakhs of fictitious debtors. The software program helped the corporate to cover the transactions from the regulators and auditors and present inflated revenue to the inventory exchanges, stated the forensic report ready by Grant Thornton (GT).

The report stated the corporate used FoxPro software program to arrange codes for camouflaging precise disbursements and assortment of funds by creating 260,315 fictitious dwelling mortgage accounts. These codes then had …

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