The Central government will soon order a Serious Fraud Investigation Office (SFIO) probe into the alleged financial irregularities at debt-ridden mortgage firm Dewan Housing Finance Corporation (DHFL) after a report by the Registrar of Companies (RoC) indicated fund diversion, a source said.
The Mumbai office of the RoC, earlier this year, had initiated a detailed examination into the alleged financial irregularities, including fund diversion, by DHFL promoters. The RoC submitted its report on DHFL to the Ministry of Corporate Affairs (MCA) a couple of days ago, an official said.
There is a good enough reason to consult the SFIO, the official said, adding that the report indicates diversion and siphoning of funds. The matter will be referred to the agency under the MCA
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