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Tag: DHFL promoters

87 shell companies, 2.6 lakh fictitious borrowers: How DHFL promoters diverted money borrowed from banks

87 shell companies, 2.6 lakh fictitious borrowers: How DHFL promoters diverted money borrowed from banks

November 27, 2022November 27, 2022 · Business

DHFL’s promoters formed 87 shell companies, created more than 260,000 fictitious borrowers, set up a ‘virtual branch’ in order to divert the money it had borrowed from the…

Read more 87 shell companies, 2.6 lakh fictitious borrowers: How DHFL promoters diverted money borrowed from banks
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