DHFL asset sale may get further delayed over 'Bandra Book Entities' report

Bidders for Dewan Housing Finance (DHFL) are jittery about making a final bid for the bankrupt company because an investigation report by Grant Thornton has highlighted widespread fraud in its retail, wholesale, and slum redevelopment books. The report said siphoning off funds by the company had been going on since 2006-07 through 91 non-existent entities operating from a branch in Bandra, Mumbai.   The report, which has been submitted to the National Company Law Tribunal and has labelled these fictitious outfits “Bandra Book Entities”, has revealed there is a R.....

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