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Govt to soon order SFIO probe into financial irregularities at DHFL

There is good enough reason to refer the DHFL matter to SFIO, an official said adding, the report indicates fund diversion and siphoning

The move by AION could affect promoter Kapil Wadhawan’s search for a strategic investor in the firm
DHFL

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 ...