Dewan Housing

The CBI has closed the case against the DHFL and its directors pertaining to 2.60 lakh allegedly fictitious home loan accounts, some of which were used to claim interest subsidies under the Pradhan Mantri Awas Yojna, officials said. After over three years of probe, the agency could not find evidence suggesting a criminal conspiracy which could have led to the creation of such accounts, they said. The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the new board of the scam-hit Dewan Housing Finance Limited (DHFL), they said. The agency has now submitted its final report before a special court in Delhi, which would take a call on whether to accept the closure report or order further investigation into the matter. The CBI had booked promoters Kapil and Dheeraj Wadhawan along with the company. It was alleged that DHFL had opened a fictitious branch in Bandra and fake accounts worth Rs 14,046 crore of home-loan borrowers, who had already repaid th

The bank is likely to file for its offer document soon after the board clears the fundraising plan.

DHFL owes banks Rs 40,600 crore. It also has a liability of Rs 45,380 crore to pay the holders of debentures and bonds

Dewan rejects allegations that it diverted funds to shell companies to buy assets.