Ansal Properties Appoints Forensic Auditor Amidst Transaction Concerns

Ansal Properties & Infrastructure Ltd has appointed M/s SLO Technologies Private Limited (AdvaRisk) as a forensic auditor to investigate transactions executed between April 1, 2016, and March 31, 2026. This decision follows a preliminary review by the new Board of Directors, which identified potential issues such as undervaluation, illegal related-party transactions, inadequate documentation, misutilization of borrowed funds, and diversion of funds. The audit aims to address concerns that arose despite the erstwhile Board's representation of a 'clean slate'. Additionally, the company has cancelled previous resolutions authorizing certain individuals to sign sale deeds for the Sushant Taj City, Agra Project and appointed new authorized signatories.