Discover and read the best of Twitter Threads about #LooteraDewan

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What are shell companies? These shells are in groups each of which has common owners, common addresses, common email IDs and common directors
#LooteraDewan
The 45 shell companies that received Rs 14,000 crore. In 2015-16, Modi govt cracked down on shell companies following a recommendation by Indian SIT on black money
#LooteraDewan
Shell cos have nominal capital of 1 lakh, but inter-company loans of thousands of crore of rupees. The loans are advanced in single-tranche while most loans are disbursed in multiple tranches based on project progress.
#LooteraDewan
Read 9 tweets
#Breaking: Thread on the Anatomy of India’s biggest financial scam—Rs 31,000 cr, (not a notional value but actual, public money). Cobrapost Investigation reveals major financial scam by an NBFC, bigger than Mallya or NiMo.
Watch the video: bit.ly/2DIhpbB
#LooteraDewan
Dewan Housing Finance Corporation Limited (#DHFL) has siphoned off Rs 31,000 crore into promoter companies to create private wealth through a network of shell companies. Probe reveals the NBFC under-reported Rs 20-cr donation to @BJP4India
Dewan’s financial credentials: Rs 8,700 crore net worth, Rs 96,000 crore money raised through loans and public deposits.
Read 8 tweets

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