Deloitte quits as auditor of crisis-hit DHFL
Deloitte has quit as the auditor of cash-strapped DHFL, sources said on Sunday. Communication regarding Deloitte quitting as DHFL's auditor has been sent to the Ministry of Corporate Affairs, one of the sources said. Another source confirmed that Deloitte has quit, but without citing any reasons. However, sources in DHFL denied to have received any such communication from Deloitte. There have been reports that Deloitte Haskins & Sells and the company's second auditor, Chaturvedi & Shah, may quit due to unsatisfactory responses from the company to their queries related to fund deployment. Cash-strapped DHFL sits on a debt pile of Rs 90,000 crore and has defaulted on its various repayment obligations in a serial manner in the recent past.
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