A WHITE PAPER ON THE DEWAN HOUSING FINANCE CORPORATION LTD. (DHFL)

Once in a Blue Moon Academia

1.Dewan Housing Finance Corporation Ltd. (henceforth DHFL) is a deposit-taking Housing Finance NBFC regulated by the National Housing Bank (NHB) headquartered in Mumbai with branches in major cities across India. DHFL was established (11 April 1984) to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India. [Source: Wikipedia⤡]

2. Everything was fine for the DHFL before a report published by a News Portal:

DEWAN HOUSING FINANCE CORPORATION LIMITED- THE ANATOMY OF INDIA’S BIGGEST FINANCIAL SCAM VIEW HERE (As reported on 29th January, 2019 ©The Cobra Post)

Just before that day, the supposed future “owner” of the DHFL declared this:

Be prepared for one…

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