Aviom India Housing Finance is under investigation for potential fraud after the National Housing Bank discovered inflated mutual fund investments. The company, backed by Nuveen and Gojo & Co, informed lenders of a cash crunch and delayed payments, citing discrepancies in their books and sticky receivables. A forensic audit is underway, and Aviom is exploring options for raising additional capital.
from Banking/Finance-Industry-Economic Times https://ift.tt/YjPfB96
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