Thursday, June 28, 2018

'Systemic lapses' found in inter-corporate borrowings: Fortis Healthcare

The company, which had initiated an independent investigation through an external legal firm in February this year, also said it has made provisions totalling around Rs 580 crore in the fourth quarter of FY18 pertaining to the ICDs and other loans, among others, but the "recoverability is doubtful".

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