NHB probe into Aviom's books finds 'inflated' investments

Aviom India Housing Finance is under investigation for potential fraud after the National Housing Bank discovered inflated mutual fund investments. The company, backed by Nuveen and Gojo & Co, informed lenders of a cash crunch and delayed payments, citing discrepancies in their books and sticky receivables. A forensic audit is underway, and Aviom is exploring options for raising additional capital.