🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Jaswanth Jegan

Founder-Hexpertify.c... • 9m

“How DHFL Founder steal investors money” Big Fat Corporate Scandal #4 DHFL’s Promoters Scam Dewan Housing Finance Corp LTD was one of India’s largest housing finance companies engaged in providing loans for housing and real estate projects.DHFL had borrowed from various banks and financial institutions and raised money by bonds. Then transfered the money into shell companies related to its promoters and used for personal gains and to finance other businesses in the name of loan for real estate projects.By 2018 DHFL started to default loans to its lenders and bond investors. A report by Cobrapost accused DHFL of siphoning off over ₹31,000 crore through various shell companies then ED and CBI launched investigations into allegations of money laundering and financial fraud against DHFL’s promoters. Top executives including Kapil and Dheeraj Wadhawan were arrested and charged with various offenses.Then RBI referred DHFL to NCLT and filed bankruptcy.

7 replies10 likes
1
Replies (7)

More like this

Recommendations from Medial

Image Description
Image Description

Ansh Kadam

Founder & CEO at Bui... • 9d

This is how 2 brothers pulled off one of India’s biggest bank loan scams of ₹35,000 Cr. The Wadhawan brothers claimed DHFL was the savior of the Indian middle class with affordable home loans. But behind the scenes, they were defrauding the very sy

See More
9 replies26 likes
13
Image Description
Image Description

Rohan Saha

complicated Investor • 5m

First, DHFL and now Jet Airways, both have one thing in common: retail investors knowingly invest their money in such companies that are bound to fail, and then they blame the government for losing their money. But investors don’t see their own mista

See More
5 replies13 likes
1

Kamar Associates

Real Estate service • 3m

Kamar Thakur, a visionary entrepreneur and expert in the real estate industry, is the driving force behind Kamar Associates, a trusted name in the Delhi real estate market. With a focus on providing comprehensive property solutions, Kamar Associates

See More
0 replies2 likes
Image Description
Image Description

BigLoot IN

BigLoot.in - Where S... • 6m

RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.

4 replies3 likes

Applyly

Hey I am on Medial • 4m

Prosus invests $100M in Vastu Housing Finance Corp Ltd. Prosus Makes Strategic Investment in Housing finance firm Vastu Vastu Housing Finance Corp Ltd. is achieving great heights in the Indian housing finance industry. Prosus is a global investment p

See More
0 replies4 likes
Image Description
Image Description

Comet

#uiux designer #free... • 2m

Classes That SHOULD Be Mandatory in High School: • Taxes • Investing • Real Estate • Negotiating • Basic coding • Building credit • Microsoft Excel • Personal Finance • Entrepreneurship • Time Management • Money Management What would you add to th

See More
9 replies21 likes
1
Anonymous

Anonymous

Hey I am on Medial • 6m

Business Abodes Corporate Housing Platform Overview: A digital platform designed to facilitate corporate housing for employees of large companies, offering standardized and high-quality living arrangements across various cities. Features: Housing

See More
0 replies2 likes
Image Description
Image Description

neha a

Hey I am on Medial • 12m

Creating a website that offers housing solutions based on preferences, budget and legal services for buying and selling the house AI assistant for real estate trend analysis . What do u guys feel about this idea and any suggestions ??

16 replies19 likes
1

Rohit Kumar

Real Estate Experts,... • 1m

🌟 Why Real Estate Investment is Your Best Bet in Today's Market! 🏡 In a world of economic uncertainty, many investors are turning to real estate for stability and growth. As an estate consultant, I can confidently say that now is the time to consi

See More
0 replies3 likes
Image Description

SARASHI ASSOCIATION

Hey I am on Medial • 2m

Sarashi Association Need help for startup and grow.....My aim is to provide loans to common poor business people at very low interest rates, and much lower than normal banks and finance company like half interest loans, small medical expenses loans

See More
1 replies4 likes

Download the medial app to read full posts, comements and news.