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.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.