Shares of Dewan Housing Finance Corporation (DHFL) were locked in 5 percent lower circuit of Rs 16.65 on Thursday after CBI booked the company and its directors over fictitious home-loan accounts.
The CBI has booked DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna (PMAY), officials said on Wednesday.
The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the present board of the scam-hit DHFL, they said.
Promoters Kapil and Dheeraj Wadhawan, both booked along with the company, allegedly opened a fictitious branch of the DHFL in Bandra and fake accounts worth Rs 14,046 crore of home-loan borrowers, who had already repaid their loans, were entered in the database, they said.
Out of Rs 14,046 crore, Rs 11,755.79 crore were deposited or routed to several fictitious firms known as Bandra Book firms, according to the FIR.
The DHFL had granted 88,651 cases under the PMAY till December 2018 and it received an interest subsidy of Rs 539.40 crore, while it has to receive Rs 1,347.80 crore from the government, it said.
(With inputs from PTI)
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