WHO IS RESPONSIBLE FOR THE DECEPTIVE AUDITING OF THE DHFL? AN RTI TO THE CAG OF INDIA

Posted on 29/06/2022

Updated on 29/07/2022

An RTI has been lodged on 29th June, 2022, to the COMPTROLLER AND AUDITOR GENERAL OF INDIA (CAG), the text of which is given as follows:

We sent a letter (PDF copy attached as supporting document) addressed to the President of the Institute of Chartered Accountants, India (ICAI), on 14/03/2021. However, we are yet to receive any reply from the concerned authority. We would like to put forward the following set of questions in this very regard:

1.      What is the role of the auditors in the case of the Dewan Housing Finance Corporation Limited (DHFL) scam? Did the DHFL lack any diligent auditing? Who is to be held responsible for such collapse of a profitable ongoing concern?

2.      What is the role of the Rating Agencies in the case of the DHFL scam, an AAA-rated company?

3.      What is the role of DHFL Brand Ambassador, Mr. Shah Rukh Khan, in the case of the DHFL scam?

(Our letter to Mr. Khan: Let’s do it: Hitchhiking for Zakat for the ailing FD and NCD- Holders of the DHFL: a letter to SRK, DHFL Brand Ambassador VIEW HERE ⤡)

4.      What is the role of the alleged terror funding (False allegations on the collusion among the BJP, Dawood-Mirchi and the DHFL: A Letter to the BJP President VIEW HERE ⤡) in the case of the DHFL scam?

We filed another RTI (bearing Registration No. DOEAF/R/E/22/00066, initially addressed to the Ministry of Economic Affairs but the same got transferred to the Ministry of Home Affairs, Government of India) previously on 15/02/2022, enquiring about the Dawood Ibrahim and Iqbal Mirchi connection with the ruling party and the DHFL. (AN RTI ON THE ALLEGED COLLUSION AMONG DAWOOD-MIRCHI-RKW-DHFL-BJP VIEW HERE ⤡)

Along with the above RTI Application, the following supporting document was also attached:

Below is a copy of the entire RTI Application:

P.S. Note the disproportionate increase of assets of the ruling party and abrupt bankruptcies. Is there any one-to-one correspondence between the two?

We initially addressed our RTI application to the CAG, but it was consequently forwarded to the Institute of Chartered Accountants, India (ICAI) on 30/06/2022.

The reply to the above RTI application came on 29th July, 2022 and is given as follows:

Quite Astonishing! As per the RTI reply, we have failed to raise “specific queries” related to the points of concern, even though we asked a simple question: WHO IS RESPONSIBLE FOR THE DECEPTIVE AUDITING OF THE DHFL, AN ONGOING CONCERN, and what is the role of the Brand Ambassador, Mr. Shah Rukh Khan, as well as the Indian shadow economy/gangsters?

The hermeneutic gap between perception and understanding is willfully avoided by the concerned authority. Moreover, they have alleged that the issues raised by us do not pertain to their authority. Frankly speaking, we have asked these questions to the CAG, and not to the ICAI. Did the CAG not know in advance that these questions cannot be asked to the ICAI? Is it not a fact that the CAG is totally ignorant about this unlawful forwarding of the application?

It is only possible in an Orwellian state, where secrecy is much more valued than transparency. Are we living in a state of democratic unfreedom??