Govt launches probe against DHFL, issue may hit sector investment

A report by Cobrapost claimed that DHFL, through layers of 45 shell companies, allegedly siphoned off Rs 31,000 crore out of the total bank loans of Rs 97,000 crore

The corporate affairs ministry has started inquiring into allegations of Dewan Housing Finance Corporation (DHFL) diverting Rs 31,000-crore loans and would seek more information from the housing finance firm, a senior government official said on Thursday. “We have started verifying them… we will also call for information from DHFL,” the official said.

But will the enquiry or the allegations severely affect DHLF’s business? Analysts said the chances are slim, though the macro effect on the sector could be more pronounced.

 

DHFL is in the