DHFL’s fake branch used to siphon money, says ED

Promoters of Dewan Housing Finance Corporation Ltd (DHFL) had opened a fictitious branch in Bandra which boasted of over two lakh dummy homebuyers and had been created to siphon off Rs 12,000 crore, according to information obtained by the Enforcement Directorate from DHFL senior executives.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3alBZPq