DHFL scam simply cannot be referred as just any other scam. The magnitude and the scale of this scam is so huge that it will simply blow your mind into pieces. The DHFL Bank, which is the main architect of this massive scam, has pulled off a scam that is worth Rs 31,000 crores. Yes, you’ve heard it right. This scam is worth whopping Rs 31,000 crores. This astronomical amount makes this scam bigger than the ABG Shipyard Scam, a scam that was unearthed only a few months back and is estimated to be around Rs 22,000 crore. This also that the DHFL Scam is now India’s biggest ever banking scam.
In this special story, we will cover all the important details as to how DHFL went about pulling off such a huge scam so brazenly and openly. By the way, I am not using these terms ‘brazenly’ and ‘openly’ casually here. That’s because the DHFL Bank managed to pull off the Rs 31,000 crore scam right under the nose of every important regulatory body – be it the RBI, SEBI or even Finance Ministry. Interestingly or – should I say – quite magically, none of these regulatory bodies were not even remotely aware when this scam was being enacted.
In fact, the scam would have continued to remain a ‘great secret’ – at least for few more years – if the news portal Cobrapost had not exposed this scandal in 2019. For all those who don’t know, Cobrapost is a popular news website that specializes in investigative…
