DHFL denies report of clean chit by regulator
Live MintBengaluru: Dewan Housing Finance Corp Ltd denied on Thursday a media report that the country's housing regulator gave it a clean chit after allegations the mortgage lender had created shell companies to divert funds. A consortium of 33 lenders, led by Union Bank of India, was said to have given a clean chit to the company after they heard an independent auditor report in a meeting on Tuesday, the report added. An auditor last week dismissed media allegations that DHFL had created shell companies to divert funds, but said the firm's monitoring of loans was inadequate, raising risks that some of them would turn sour. ".any interpretation of the outcome of the meeting about giving a clean chit to the company by banks or NHB was neither intended nor mentioned," DHFL said, adding that it is not privy to the NHB inspection report.
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DHFL audit firm TP Ostwal & Associates likely to come under scanner of SEBI, RBI after giving clean chit to company
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