Cobrapost accused Rs 31000 crore fraud on Dewan Housing Finance Corporation, DHFL share dropped 8% on Stock Market. On 29 January 2019 DHFL traded 184 high on National Stock Exchange. DHFL denies Cobrapost allegations still share price falling share market.
Cobrapost has unearthed a financial scam where the primary promoters of Dewan Housing Finance Corporation Limited (DHFL) and their associate companies have committed a systemic fraud in broad daylight to siphon off public money amounting to more than Rs. 31,000 crore.
Cobrapost has unearthed a financial scam where the primary promoters of Dewan Housing Finance Corporation Limited (DHFL) and their associate companies have committed a systemic fraud in broad daylight to siphon off public money amounting to more than Rs. 31,000 crore.
#LooteraDewan: Cobrapost Investigation reveals major financial scam by an NBFC https://t.co/JpTerdTkkf bigger than Mallya or NiMo— Cobrapost (@cobrapost) January 29, 2019
Dewan Housing Finance Corporation Ltd. is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.
Source: Cobrapost
Source: Cobrapost
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