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    Corporate affairs ministry to submit its report on DHFL this week

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    Corporate affairs ministry to submit its report on DHFL this week

    Ministry of Corporate Affairs' (MCA) Mumbai regional director will submit its report to the government on the allegations of Dewan Housing Finance (DHFL) diverting Rs 31,000-crore loans, said sources familiar with the matter.
    DHFL is in the eye of a storm after a report that the company through layers of shell companies allegedly siphoned off Rs 31,000 crore out of the total bank loans of Rs 97,000 crore.
    According to an expos by portal Cobrapost, DHFL allegedly diverted Rs 31,000 crore of loans raised from state-owned banks but the company had termed the report as mischievous with a mala fide intention.
    Following the report last week, the Registrar of Companies (RoC), Mumbai, has started looking into the matter. It also plans to seek certain information from the company.
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