 "DHFL")
After Uttar Pradesh power employees' provident fund (PF) trusts were exposed for illegally investing Rs 4,122 crore in Dewan Housing Finance Corporation Limited (DHFL), another trust managing the provident fund of a state cooperative bank has been found to have parked Rs 21 crore in the scam hit private mortgage lender.
UP cooperative land development bank employees' PF trust invested Rs 21 crore in DHFL during 2016 and 2017, and the entire corpus is outstanding. The investment was made when the company enjoyed good investment ratings.
Given the precarious financial position of DHFL and the Bombay High Court's ban on the company
