Corporate News     15-Nov-23
Aster DM Healthcare to initiate forensic investigation for its subsidiary - Wahat Al Aman Home Healthcare
Aster DM Healthcare announced that following receipt of a confidential complaint relating to Wahat Al Aman Home Healthcare LLC (Wahat), an overseas subsidiary of the Company, a forensic investigation is to be initiated by the Company. The complaint alleges that certain employees of Wahat have engaged in forgery and fraud resulting in irregularities in revenue recognition by Wahat and trade receivable balances.

The Company has recognised a full provision against the trade receivables balance of Rs 54.62 crore since it is in the process of compiling and evaluating evidence to establish recoverability of these receivables. On completion of the investigations, the Company will reassess if any further adjustments and disclosures are required.

Previous News
  Aster DM Healthcare announces resignation of Group CFO
 ( Corporate News - 05-Jan-23   19:00 )
  Aster DM Healthcare to announce Quarterly Result
 ( Corporate News - 27-May-24   12:17 )
  Nifty near 18,500; media stocks advance
 ( Market Commentary - Mid-Session 26-May-23   14:33 )
  Volumes soar at Can Fin Homes Ltd counter
 ( Hot Pursuit - 12-Feb-20   11:00 )
  Aster DM Healthcare director resigns
 ( Corporate News - 24-May-23   18:07 )
  Aster DM Healthcare announces board meeting date
 ( Corporate News - 03-Aug-21   13:44 )
  Aster DM Healthcare settles lower on debut
 ( IPO Centre - IPO News 26-Feb-18   16:20 )
  Volumes spurt at Mahindra Holidays & Resorts India Ltd counter
 ( Hot Pursuit - 09-Oct-19   14:30 )
  Aster DM Healthcare signs agreement with Govt. of Cayman Island
 ( Corporate News - 22-Dec-20   16:10 )
  Aster DM Healthcare to table results
 ( Corporate News - 08-Aug-22   11:03 )
  Aster DM CFO Sreenath Pocha Reddy resigns
 ( Hot Pursuit - 06-Jan-23   09:46 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top