CG Power financial fraud: A tale of 4 entities, 2 deals & high-value loans

The forensic team that CG Power and Industrial Solutions (CG Power) plans to appoint will have to wade through a maze of dubious transactions.  At the centre of these transactions are a handful of companies, two real estate deals and multiple high-value loans and advances.   CG Power had on Tuesday informed the exchanges of a Risk and Audit Committee (RAC) report which detailed multiple dubious transactions at the company. The report indicated it to be an employee-led fraud. The report refers several times to four companies, of which two are related to the .....

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