Maruti Suzuki India (MSIL) has initiated an investigation into allegations of financial malpractices in its purchasing department, according to sources.
About three months back, a whistleblower said that executives working in the company's purchasing department took money from certain suppliers to allow them to sell auto parts to MSIL at prices higher than the market prices, they said.
The company began its investigation then. It has appointed KPMG to conduct a forensic investigation into this matter. If required, MSIL will take action against the executives after the probe reports are submitted, said sources.
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