IHH Healthcare on Monday said that the company's external auditors, KPMG, have said that they cannot determine if there are any regulatory non-compliances and additional adjustments or disclosures which may be needed for the audit report, as a result of further findings from ongoing investigations at Fortis Healthcare.
Findings showed the placement of inter-corporate deposits and existence of possible related parties connected with former controlling shareholders of Fortis. KPMG said these may require"appropriate reassessment" by Fortis Group on the claims from, or transactions with, such parties.
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