DHFL’s fake branch used to siphon Rs 12,000 crore, 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 Banking/Finance-Industry-Economic Times https://ift.tt/2OHDPSl