DHFL promoters Kapil Wadhawan and Dheeraj allegedly created 2.60 lakh fake home loan accounts under the PMAY to avail benefits to the tune of Rs 14,046 crore, the CBI has said.
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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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Dewan Housing Finance Corporation (DHFL) share price hit lower circuit on March 25 after the Central Bureau of Investigation (CBI) booked DHFL promoters for creating more than 2.6 lakh fake home loan accounts.
A case was registered against Kapil Wadhawan and brother Dheeraj, who in jail over fraud and money-laundering charges, for allegedly creating 2.60 lakh fake home loan accounts under the Pradhan Mantri Aawas Yojana. The promoters fraudulently availed benefits under PMAY to the tune of Rs 14,046 crores, the agency said.
The CBI found that Rs 11,755.79 crore was diverted to these accounts created in the name of shell companies.
Also Read: CBI books DHFL promoters for creating over 2.6 lakh fake home loan accounts
The stock was trading at Rs 16.75, down Rs 0.75, or 4.29 percent at 09:22 hours. It has touched an intraday high of Rs 16.75 and an intraday low of Rs 16.65.
DHFL had availed a subsidy of Rs 1,887 crores under PMAY from the Centre. Kapil and Dheeraj are already facing two cases by CBI in the Yes Bank scam and UP Power Corporation scam.
A forensic audit report by Grant Thornton revealed the irregularities of DHFL after which the agency registered a case on March 15.
DHFL, according to the FIR filed by CBI, processed 88,651 cases under PMAY Scheme, under which loans were granted to economically weaker sections, low and middle-income group members for buying land and construction of houses, development of dwelling units under slum development schemes, housing units are eligible for credit-linked interest subsidy.
