Forensic Auditor Grant Thornton Charges the New IL&FS Management with Denying Vital Information

On 6 May 2021, Grant Thornton’s Project Icarus submitted the forensic audit of IL&FS Engineering and Construction Company Limited (IECCL), exposing more scandals and internal collusion to cover up wrongdoing and losses, going back almost a decade to 2011-12. 

 

But the report also has thrown a bombshell. Despite a new government-appointed board of directors comprising a bunch of senior retired bureaucrats being in charge for nearly three years, it says, crucial data pertaining to the company and its business has not been shared with…

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