Login

Feed Post

Jaswanth Jegan

Stealth • 3m

“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

BigLoot IN

Stealth • 4d

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
Image Description
Image Description

neha a

Stealth • 6m

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 ??

15 replies19 likes
1
Anonymous

Anonymous

Stealth • 10d

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

Gyananjaya Behera

Stealth • 4m

Volt Money Partners PhonePe To Offer Loans Against MFs - Partnership Announcement: Volt Money has partnered with PhonePe to offer loans against mutual funds through the PhonePe app, with loan sizes ranging from INR 25,000 to INR 5 Cr. - Integration

See More
3 replies16 likes
1
Image Description
Image Description

Prasanna Patil

Stealth • 7m

Hi guys just watch the movie called 'big short' It is based on housing crisis happened in 2008 The 2008 housing crisis was a significant event that led to the worst global financial crisis since the Great Depression. It was primarily triggered by the

See More
2 replies13 likes
Image Description
Image Description

Yash Barnwal

Stealth • 1d

🏦 The Story of HDFC Bank 📈 Founded by Hasmukhbhai Parekh in 1977, HDFC Bank started as a housing finance company and grew into a leading private-sector bank. Under the leadership of Aditya Puri, who joined in 1994, the bank expanded into retail and

See More
6 replies8 likes
3

Shubham Soni

Stealth • 5m

AI is transforming various industries, from healthcare to finance. Did you know that AI can analyze vast amounts of data and make predictions with a high degree of accuracy?

0 replies4 likes
Image Description
Image Description

Mr Z

Stealth • 5m

Hello medial family! If you given 1 cr rupees and you have to invest this money, only in real estate ,then in which would you invest?

3 replies8 likes

Vikram Kumar

Stealth • 4d

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

See More
0 replies2 likes
Anonymous

Anonymous

Stealth • 5m

I don't know anything about M1 ,M2 CHIPS and various technologies happening around these companies Suggest me a source where I can read them

0 replies2 likes

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