India, Dec. 23 -- In a painstaking investigation based on the examination of statutory filings and public disclosures, Cobrapost exposes a worrying pattern of large-value cash transactions, questionable related party arrangements, shocking statutory disclosure, and compliance gaps involving Cholamandalam Investment & Finance Company Ltd, one of India's largest listed non-banking financial companies. For close to a decade, more than Rs. 10,000 crore has moved through a web of related parties involving the flagship of the 125-year-old Muruugappa Group and other entities, mostly benefitting Murugappa Group entities, family members, and key management personnel. Additionally, cash deposits of around Rs. 25,000 crore were made across more than...
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