REUTERS ? India's capital markets regulator said on Thursday it would investigate allegations against leading property firm DLF Ltd that it failed to disclose a police complaint against an associate firm in its share sale document in 2007.
The allegations were from a complainant who alleged that Sudipti Estates Private Ltd, which he said was an associate of DLF, had "duped" him of about 340 million rupees ($6.8 million), according to a document posted on the Securities and Exchange Board of India's website. http://link.reuters.com/xyw54s
"This is an old commercial dispute. The regulator is simply following procedures," a DLF spokesman said, when contacted by Reuters for a comment.
(Reporting by Devidutta Tripathy, Aniruddha Basu and Henry Foy; Editing by David Holmes)
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