 "realty, real estate")
Media outlet Cobrapost on Tuesday alleged Dewan Housing Finance Corporation (DHFL) had diverted loans worth Rs 31,000 crore — a charge the company termed “mischievous”.
The stocks of DHFL, a non-banking financial company, went down more than 8 per cent to close at Rs 170.05.
“DHFL has siphoned off Rs 31,000 crore into promoter companies to create private wealth through a network of shell companies,” said Cobrapost, which held a press conference here on Tuesday.
According to the Cobrapost expose, DHFL, which has a net worth of Rs 8,700 crore, raised Rs 96,000 crore through loans and public deposits.
Cobrapost
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