Back
Jaswanth Jegan
Founder-Hexpertify.c... • 1y
“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.
Replies (7)
More like this
Recommendations from Medial
Ansh Kadam
Founder & CEO at Bui... • 3m
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
Rohan Saha
Founder - Burn Finan... • 8m
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
Kamar Associates
Real Estate service • 7m
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
Kamar Thakur
Real estate and fina... • 1m
🌟 My name is Kamar Thakur. 🏢 I am the founder of Kamar Associate, a trusted name in Real Estate and Finance services across Delhi-NCR. 📍 Office Address: B-43, Ground Floor, Shaheen Bagh, Okhla, New Delhi - 25 📞 Contact: 9654954786 | 📲 WhatsApp:
See More
Download the medial app to read full posts, comements and news.