Veritas analyst charged with demanding money from Indiabulls
Veritas, which has come up with some damning reports against Indian entities – Reliance Groups, Kingfisher and DLF in recent months, has pointed out serious irregularities at Indiabulls group in its latest report.
The shares of Indiabull’s various group firms plunged sharply on the back of the report by Canada-based Veritas.
A day after, Indiabulls Real Estate has submitted ‘email evidence’ to the police regarding money demanded by a Veritas analyst for holding back a derisive report against the group.
The group has also initiated complaints in Canada against the research firm and two authors of the report – Neeraj Monga and Nitin Mangal.
The company sources reveal that Police has booked Monga, Mangal and Veritas under various sections in an FIR dated August 8.
DLF, Indiabulls, Indiabulls Real Estate Ltd, Indian real estate, kingfisher, Real estate in India, Real Estate India, Realty News, Reliance group, Veritas
