Kiratpur Ner Chowk Road Project: Forensic Auditor GT Finds Glitches in Accounting of Sub-contractors in IL&FS Engg & Const Moneylife Digital Team 03 June 2021 Grant Thornton India LLP (GT), the forensic auditor of IL&FS Engineering and Construction Co Ltd (IECCL), has found anomalies pertaining to accounting related with sub-contractors in the company's Kiratpur Ner Chowk (KNC) Road in the States of Punjab & Himachal Pradesh. IECCL was doing this project for its sister concern IL&FS Transportation Networks (ITNL).
In the report, GT, says, "The responses given by the representative of IECCL provide clarification on recording the cost for the KNC project. However, our anomaly highlighted that the excess recording of expenditure on the KNC project based on email evidence, was not addressed by the representatives of IECCL."