Earlier on Saturday, the Congress had stated that the strings of India’s greatest banking rip-off until date are linked with the BJP. The Congress stated that the corporate named DHFL, which defrauded 17 banks to the consortium of Rs 34,000 crore, has deep hyperlinks with the BJP.
Congress spokesperson Supriya Shrinet, whereas presenting the entire matter in a press convention in Delhi, informed how DHFL stored donating crores to BJP in numerous years. Supriya Srinet laid out the timeline of the entire matter. He stated that between 2010 and 2018, the consortium of 17 banks led by Union Financial institution of India gave loans of about 42,000 crores to DHFL. DHFL is a non-banking firm that used to present small loans to prospects by taking loans from large banks. However this firm progressively stopped returning loans to banks.
Supriya Shrinet stated that when the default began, a particular audit was performed by the banking consortium. On this, when the transactions between 2015 and 2019 have been investigated, it got here to gentle that DHFL had dedicated fraud on a big scale. The corporate rigged its accounts, round-tripping of funds and utilizing the cash to create private wealth by DHFL promoters Kapil and Dinesh Wadhawan.
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