Info Edge Launches Forensic Audit of Rahul Yadav's 4B Networks
Info Edge (India) Ltd, the owner of Naukri, has started a forensic audit of Broker Network (operated by 4B Networks Pvt Ltd) founded by Rahul Yadav for repeatedly failing to provide information on financial transactions and transactions with related parties, among other things. Allcheckdeals India Pvt Ltd (AIPL), a wholly-owned subsidiary of Info Edge, invested Rs276 crore in Mr Yadav's 4B Networks and provided debt financing of Rs12 crore. AIPL holds a 65% stake in Broker Network, Mr Yadav has a 32% stake, while others own the balance.