Jet Airways' lenders asked to submit forensic audit findings to government

Jet Airways' lenders asked to submit forensic audit findings to government

State Bank of India-led lenders to Jet Airways had hired Ernst & Young as the new auditor of the troubled airline to carry out forensic audit for the period between April 2014 and March 2018 in December last year

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The forensic audit report has not been made public, but its findings created doubts about several transactions carried out by firms related to GoyalThe forensic audit report has not been made public, but its findings created doubts about several transactions carried out by firms related to Goyal
BusinessToday.In
  • May 27, 2019,
  • Updated May 27, 2019 1:29 PM IST

The government had asked the lenders of the debt-laden Jet Airways to share findings of its forensic audit report of the grounded airline in March this year, around the same time the company's founder, Naresh Goyal, left all executive roles.

State Bank of India-led lenders to Jet Airways had hired Ernst & Young as the new auditor of the troubled airline to carry out forensic audit for the period between April 2014 and March 2018 in December last year.

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The forensic audit report, carried out by EY, has not been made public, but its findings created doubts about several transactions carried out by firms related to Goyal, the airline's then chairman, Mint quoted a source as saying.

The government had asked the lenders of the debt-laden Jet Airways to share findings of its forensic audit report of the grounded airline in March this year, around the same time the company's founder, Naresh Goyal, left all executive roles.

State Bank of India-led lenders to Jet Airways had hired Ernst & Young as the new auditor of the troubled airline to carry out forensic audit for the period between April 2014 and March 2018 in December last year.

Advertisement

The forensic audit report, carried out by EY, has not been made public, but its findings created doubts about several transactions carried out by firms related to Goyal, the airline's then chairman, Mint quoted a source as saying.

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