Dewan Housing Finance Corporation denies charges levelled by Cobrapost

In an investor call held this morning, the company said it will come out with a detailed explanation to the charges soon

Denying the charges of Rs 31,000 crore of fund diversion made by media outlet Cobrapost, officials of Dewan Housing Finance Corporation (DHFL) asserted that there were no wrongdoings by the promoters of the company. However, DHFL stock is currently trading in the red, down over six per cent. 

In a conference call with investors held on Wednesday morning, the company stated that it would explain in detail about loans to developers extended by the company and that these loans had been extended after proper due diligence. “Loans have been lent basis the guidelines laid out by National Housing Board, and there