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SC sets timetable for Amrapali bosses, issues contempt notice

DNMUM423970 | 10/12/2018 | Author : DNA Correspondent | WC :704 | India

Top court gives a 10-week exercise to two auditors

New Delhi: The audit of Amrapali’s 46 firms over the past 10 years will be a 10-week exercise with the cataloguing of the voluminous and bulky records kept at nine places required to be broken down into year-wise and project-wise details for each company over the next 15 days.
The latest directive from the Supreme Court charted out a detailed course of action for the two forensic auditors in locating the paper trail to show how thousands of crores of rupees, invested by 46,000 homebuyers, got diverted.
The next 15 days will be a race against time both for the auditors — Ravi Bhatia and Pankaj Kumar Agarwal — and for the Chairman and Directors of the Amrapali Group who are currently in police custody. First, the directors will hav
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