CBI files case against DHFL and its promoters

The Central Bureau of Investigation (CBI) on Wednesday filed a case against Dewan Housing Finance Limited (DHFL) and its promoters Kapil and Dheeraj Wadhawan, in connection with criminal conspiracy in PM Gramin Awaas Yojana and loan case. It is alleged that they had opened fictitious home loan accounts amounting to over Rs 14,000 crore.

Source information revealed that several of the mentioned bogus accounts in non-existed Bandra Branch of DHFL was opened under PMAY and interest subsidy as per norms of PMAY were claimed from National Housing Bank with the connivance of official of NHB and thus committed fraud on the government exchequer.