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DHFL denies report of clean chit by housing regulator

Dewan Housing Finance Corp Ltd (DHFL) on March 14 denied a media report that the housing regulator gave it a clean chit on allegations the mortgage lender had created shell companies to divert funds. An independent auditor last week dismissed media allegations that DHFL had created shell companies to divert funds. However the auditor raised alarm that the housing finance company’s monitoring of loans was inadequate, and some of them could turn bad.

Read More at Moneycontrol News date : 15 Mar 2019, Friday

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