{"id":373702,"date":"2020-09-15T11:25:01","date_gmt":"2020-09-15T05:55:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373702"},"modified":"2020-09-15T12:33:39","modified_gmt":"2020-09-15T07:03:39","slug":"sebi-audit-of-cg-power-points-to-collusion-between-companys-lenders-and-promoters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sebi-audit-of-cg-power-points-to-collusion-between-companys-lenders-and-promoters\/","title":{"rendered":"Sebi audit of CG Power points to collusion between company\u2019s lenders and promoters"},"content":{"rendered":"<p>A forensic audit of CG Power and Industrials Solutions conducted by the Securities and Exchange Board of India (Sebi) has pointed to manipulations in the company\u2019s books of accounts and a wider collusion between some of its lenders and the erstwhile management led by former chairman Gautam Thapar.<\/p>\n<p>In an exchange filing on 8 September, CG Power informed the stock exchanges about the forensic audit but did not divulge details. The company also said that it had received a copy of the report from the market regulator on 4 September. In bulk of the problematic transactions, lenders to CG Power were aware of the lapses, according to the report by MSA Probe Consulting Pvt. Ltd, a copy of which was reviewed by Mint. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A forensic audit of CG Power and Industrials Solutions conducted by the Securities and Exchange Board of India (Sebi) has pointed to manipulations in the company\u2019s books of accounts and a wider collusion between some of its lenders and the erstwhile management led by former chairman Gautam Thapar. In an exchange filing on 8 September, CG Power informed the stock exchanges about the forensic audit but did not divulge details. The company also said that it had received a copy of the report from the market regulator on 4 September. In bulk of the problematic transactions, lenders to CG Power [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-373702","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}