Alkem appoints Grant Thornton for forensic audit of alleged employee fund misappropriation

What happened

• The audit committee approved the appointment of Grant Thornton Bharat LLP on 21 October to investigate alleged fund misappropriation by a former employee, according to Whalesbook and Sahi.
• Sahi said the work covers historical procurement transactions and root causes, starting with a preliminary review of electronically stored information and market intelligence.
• Neither report gave an amount, the former employee's role or any financial impact. Whalesbook published at 9:50 PM on Wednesday and Sahi at 6:03 AM on Thursday.
• The shares closed at ₹5,015 on Wednesday, per Zerodha Kite, before the disclosure.

Why it matters

The scale of any loss has not been disclosed, so the size of the matter is not yet known from the reports.

Good to know: A forensic audit is an investigation that traces transactions to establish what happened, who was involved and how much money is affected. It is separate from the routine statutory audit.

Key facts

Investigator

Grant Thornton Bharat LLP

Approved by

Audit committee, 21 October 2026

Amount involved

Not disclosed in either report

Read the source

• Alkem Laboratories Initiates Forensic Audit Over Alleged Employee Fund MisappropriationWhalesbook
• Alkem Laboratories Approves Forensic Audit By Grant Thornton Over Alleged Fund MisappropriationSahi