Cobrapost Expose: DHFL Promoters Siphoned Rs 31,000 Cr Through Shell Companies

The Logical Indian

February 1st, 2019


According to the Cobrapost report published on January 29, 2019, the primary promoters of a Non-Banking Financial Company(NBFC) called Dewan Housing Financial Company (DHFL) siphoned more than Rs 31,000 crore of public money. The story states that the entire trading of funds took place under the blanket of loans and advances to shell companies. The story further alleged that this money was later re-routed through these dubious companies and was used to acquire assets outside of India.


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