India Inc. In Focus — BIG Scandals and Controversies of 2019

From the fall of Jet Airway to the PMC Bank Disaster — India Inc. was hit hard several times in the year bygone. Here are the most scandalous affairs that affected Corporate India in 2019.

Serious Fraud Investigation to probe allegations of fund siphoning by DHFL

The Ministry of Corporate Affairs is likely to recommend a probe by Serious Fraud Investigation Office (SFIO) into allegations of siphoning funds by the beleaguered Dewan Housing Finance Corporation (DHFL) to a host of promoter-led entities.

Despite financial crisis, DHFL claims it remains strong and solvent

DHFL says it remains strong and solvent, resolution plan underway.

DHFL’s divestment to Prudential nears completion

Dewan Housing Finance Corporation Limited (DHFL) said on Wednesday that divestment of the company’s entire shareholding in DHFL Pramerica Asset Managers Pvt Ltd (DPAMPL) and DHFL Pramerica Trustees Pvt Ltd (DPTPL) to Prudential is expected to be completed shortly.