DHFL Forensic Audit Reveals a Rs20,000-Crore Hole: Why Is The Report a Secret?
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- čas přidán 26. 07. 2024
- This week Sucheta Dalal talks about the DHFL Forensic Audit.
Read more: www.moneylife.in/article/dhfl...
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They are taking advantage of Financial Illiteracy in India. Great work Moneylife!
thank you
Not even a single main stream media is showing this hole. Thanks to you for your detailed analysis.
I had the same feeling...I had Yes Bank at 280...everyone said buy good management company ...I sold stock on Friday and bought Infosys (after results and good company)...that stock is down 15% on Tuesday (Monday holiday) because of management issue...it's not investing ...only gambling in Indian stock market...no more stock or mutual funds ....just land and gold going forward...even if it's growing at least have some part of capital
Cobrapost has already exposed this "potential scam" much earlier
It showed the ailing entity.... It later died and now stinking.
Which year... never heard of it. If u could elaborate please
We need investigative journalists like you “respected madam” to expose scandals and caution investors as regulatory bodies live up to the expectations.
Thanks a lot for bringing out the details ,feeling frustrated by the state of affairs in financial system and regulators
Again a complete 360 degree analysis like the pmc bank video-how retail investors suffer directly or indirectly....
Excellent journalism. I always view your informative videos. I rearly read newspapers anymore. I don't have a TV at home. This gives me a clear idea of the state of the economy and the future of India.
Many thanks. Appreciate your support!
Excellent presentation of facts.
Money life is doing a fantastic job in creating awareness among investors . Hats off to Sucheta Dalal to go in to details and for her investigative journalism .
Frankly speaking SEBI , NCLT Rating agencies are toothless and thier working also looks suspicious when they have overlooked activities DHFL IL&FS Videocon Yes Bank and many more .
Thank you ma'am
Thanks for the informative video maam. I can't even wrap my head around most of this, what to speak of litigation etc.
Some of the losses of investors should be recovered from personal wealth of promoters, credit rating agencies, regulators and also the Actors who were advertising for DHFL
Love your blog.
Thanks Ma'm for the exposer.
Thanfully, I have no stake in DHFL but you are doing a great service to novices like me with your educational videos.
Mam excellent presentation can we all take this problems in financial market holding all regulatory bodies to Supreme Court.
I think only one reporter is there and only one chanel who had concern about people .
long term equity investment in India is a dead duck.
Well, if an investor blindly copies the big guys like Rakesh Jhunjhunwala and Porinju, then be ready to become a dead duck.
Came Here after watching "1992 Scam by HM " webseries.
Your research is simply awesome mam....💣
Love your reporting madam. Very inspiring! Though I hardly understand the technical stuff, still never miss n episode because it gives me a rough idea about what is happening in our country.
How nice. Thank you so much!
Unbiased and fact based analysis of the situation, excellent work madam! 👍
Another company floated by them was Aadhar Housing Finance. It was acquired by Blackstone. Is this co. also in dire straits???????????????
Madam this excellent information, fist time hearing valuable information
Brilliant analysis as always by Moneylife
Good. Topics
I was lucky enough to get back my fixed deposit amount from this fraud company. I withdrew the amount premature as soon cobra post blew the whistle.
Congrats!!! U must have voted for bjp I bet.
@@BHOGVILAS279 evrytime thrs a muslim..he is cribbing abt Modi..
What do you think..everything in DHFL went wrong in DHFL from 2014?
Ur ignorance of finance is on another level...jab gyan na ho toh bhi mu khol ke kuch bhi boldo...Azad desh hai Bharat..aisa antigovt kabhi Saudi, iran, uae etc me bol ke dekho...hamesha BJP ko vote doge!!
I think people should leave the equity and debt markets for 5 years....
Not happening lol
@@robbenvanpersie1562 hahaha
informative episode
Whom does the retail investor trust?
Well No one
Well said. SIR
Is there no way we can make the government & regulators accountable.
they are paying and we will make them suffer
Vote for AAP ☺
Aap doesn't have a strong leadership or for that matter a national presence
@@MayurPanghaal those educated thugs KEJRIWAL was ranting day and night about corruption of sarad pawar now he is sitting with him dining and wining
whatch cobra post
czcams.com/video/I_5F8L3tyyQ/video.html
@@kavitapillai9925 and this is the reason behind it
czcams.com/video/I_5F8L3tyyQ/video.html
A very lot of information given
Sab Changa Si, Sab Badhiya Hai, Every Thing is Ok.
Unfortunate state of India , thanks for highlighting
Large listed companies in India are audited by unknown small time CA firms ....... as someone working internationally, this was quite surprising for me
Thanks for the revelations.why not recover the sticky amounts from the rating agencies for abutment of fraud.
when you set up SPVs and allocate projects to it. it is a common practice to set up SPVs on promoters, stakeholders, directors name. even in USA and singapore we practice this. and it is also common practice to grant shareholders loan along with equity. indians have habit to make things complicated. and then they want FDIs ...
How can one join the court case which Mr. Khemka has filed? Please guide.
Sucheta Dalal....wow...the person whose mighty pen 🖊 brought down the crony corrupt Harshad Mehta....a 1000 salute to you.
Thank you ma'am for investigative report. I think the same thing is enacted in the "advanced" the western countries also. The people should take their representatives to task. But they are large heart-ed and always forgive politicians of all hues .The politicians never lose office permanently and fade in to oblivion, till death ends their successful runs. Even then we have large memorials for them and their followers swearing by them.
When fence starts eating the crop, nobody can save it.Corrupt systems are to blame.
Quite a bold post.
If this is the chaos in Indian financial domains, how can one expect overseas investors for Make in India dreams? It's a wide spread cheating, reflecting extremely bad on India Inc.
People forgot cobrapost story and it's reliable,
Political parties are answerable to the public. Forget about the other lenders, they will recover the money anyhow, the issue is the Bank money (PSU) which will never come back and written off and Bank will be re financed by RBI, as usual. We must get together with a Startup where we get the citizens of Indian to stop investing in Equity and stop depositing money in Banks. Are there rules that we Indians have to use put money in Banks compulsory ??? I do not see any other solution to stop the LOOT of Public money. Seriously man, Tax payers and citizens are like ' kolu ka bail' an ox who keeps going round and round and others keep extracting their oil. Fuck man. This is crazy. I mean what is the PM doing with such Inaction ????? When I was a teen I used to be crazy nationalist and wanted to die for my Country....after many years today I am so Happy I did not get into any civil military organisation, no point giving your life for this mother fuckers who are looting each other, Bharat Mata ki jai. I understand Greed and loss in equity markets but when common mans salary and savings vanish from banks, in this age, and not a word from the Government - this is like Somalia and afghanistan, cheeez man. Bharat is not at all Mahan, the PM goes around the world with public money and I am saying on Record, He is Shielding the Corrupt, Fucking Shit hole people of this Nation. Bharat Mata ki ....
@chandresh sachdev - ok now ?
S.. l ..o.. w ...c ..l..a ..p to the work you do ma'am and the way you present it👏 ....👏....👏.....👏
Every financial advisor I meet would loudly proclaim Indian investors as risk averse and then go on to show the disparity between money invested in FD and equities but doesn’t understand that while you can evaluate and measure risk, you can’t evaluate and measure trust. Either you have it or don’t and these cases drive investors to keep money on FDs. Seems like even that will be a challenge after PMC case.
Apollo Munich also has secured investment of INR 1000 lakh in DHFL limited !
- Business standard page 26 dtd 13 November 19
Mam my fd was matured on 22nd oct 2019 i had given them receipt for payout but due to high court order my fd amt of rs.3,00,000 has not received also i have secured ncd of rs.1,50,000 which will mature on 2021, how to claim money which has matured? My mother is housewife and i m student we are dependent on interest of fixed deposit. There r no other earning member in my family.
This DHFL company has given lot of loan to Anand kadam who is now in judicial custody of eow Navi Mumbai for his project liberty horizan and ten square in Karjat kothimbe.Hope the ED finds out the link between Anand kadam and dhfl
These days every household must mentain at least 5 bank accounts one each in every bank...
For financial security
Sick. Absurd. Disgusting state of financial sector.
Mam this is not a one day accumulated amount but a shaddy deal done over the years
My favorite business magazine. BI, BW, BT learn something from her.
The credibility of many of the managements has taken a hit and also the Auditors could not highlight all these manipulations. Who will compensate the gullible investors who lost their money?
Even courts are under question mark. there should be separate courts for these crimes.
Rakesh JhunJhunwala used to be extremely bullish about DHFL for a long time. Ha Ha Ha Ha ........... I made public appeals on share market websites about why people are bullish about DHFL ? As usual, ignored.
Pls do Infosys..
How come such discrepancies do not come to notice of PM, or are they being hidden from authorities
Please also expose Yes bank and IndiaBulls housing also
Kindly, do a special on private lifestyles of the Wadhawans, as to what a life they have amassed on borrowed capital, limited edition car fleets with Israeli bodyguards I mean how come no one ever threw light on it. even past D company links exist with them.
Probe should also be done about secretive & selective repayments by the incumbent DHFCL management to trace the last mile beneficiary. the trail could lead to some tacit understanding, some powerful people calling the shots and in the process homing with their monies. e.g. 150 odd crore paid to DSP Mutual Fund, who were the unit holders whose money DSP had invested with DHFCL?
Companies like Diwan housing & DHFL can become our Lehman Brothers causing a broader market meltdown.
In
Forensic audit everything comes out
In statutory Audit
In Tax audit
In indirect Audit
Internal audit
Nothing comes out
Forensic audit done by CA
Other Audit also done by CA
Who is responsible for losing of investor money
Those who checked account
Or
Those who did fraud
Big question no answer
Is financial market & banking system of India resembling that of Venezuela or Zimbabwe? At the end of the day only scamsters, regulators & their backer-politicians come out winners at the cost of investors & taxpayers.
Pakistan is not the only enemy we have; there is over abundance of those at home who are busy destroying our banks & financial institutions with a sledgehammer.
This is going to happen soon . We as Indians are Going to loose .
is it possible to physically liquidate these people and to hell with the consequences
Surprising that this is not being talked about. The government seeks to devote its effort into more important tasks ... NRC etc
The bankers get their salary at the end of the month with no questions asked, so such thinks are bound to happen.
Maybe they want to find out first how deep is the hole.
Mam, I'm a disable soldier of Indian Army and I invested Rs 9.5 Lakh as FD on Oct 2018 for 40 months as non-cumulative.
Mam, kindly advise me to recover my money. Being a disable soldier of Indian Army I unable to do another job. I am depending upon monthly interest only. But it was also stopped. Kindly help me.
Thanks.
I would request you to write to us at foundation@moneylife.in to be able to take this further. I would also like to mention that a detailed application on the grounds of hardship, with some scanned documents, may be useful to put pressure on management!
I have no words. I want to write so much but to whom. Politicians are leveraging it for their own gain... We are damn fucked. Revolutions like Hongkong, Lebanon, Chile and other countries is the only fix for massive corruption in India.
How come these filthy things are being uncovered in current times only ?
When you know all these why don't you file a case against fraudsters and regulators in the court ?
That will also be a great service to society...
Vadhwan are getting away scot-free. Shivsena leaders & NCP leaders who seem to run the D Company's legal front have milked them & PMC Bank. These people ruined Sugar mills, District co op bank, State Co op banks & grabbed huge properties at 5 paise in Rupee. They are intimidating ED, CBI officials. Small people are the losers. In fact that was the reason of dumping Fadanvis & entry of Sena in Maharashtra.
what sebi will do is only curb retail trader and small invester just how they do now by removing intraday trading
Maine 5000 shares buy kiya the at 285rs Ab kya kru mai 😢
Maine bhi 6000 sher kharide the per modi ki harkat dekh kar sabh Africa ke jungle me chor aaya. I feel sorry for u.
Regulators r doing everything
except recover money. EVERY
PENNY OF PROMOTER'S PERSONAL WEALTH BELONGS TO THE INVESTORS. They should
be stripped of all personal assets
and made to live in footpath
It is evident that the regulators are hand in glove with the crooks running corporate houses.ED and CBI will raid only if one does not toe the line of the ruling party. How much money was diverted to party election funds. Praful Patel should have been jailed long back for meddling with Air India and its properties.I have lost faith in Indian stock market and the regulators but as she says you get affected one way or another.
Sabh paisa electoral bond ban gaya bhai.... Promoters ke paas kuch nahi hai.
Way too much is wrong with the way so called businessmen go about doing what they do.
Ma'am you are regulator of regulators. Thanks to you and your research team, common man has a voice. Or else all these matters will be hushed aside.
All DHFL Directors should be given Bharath Rathna. SEBI should be scrapped.
Lawbreakers are more powerful
How can RBi SEBi just bury their heads and behave like ostriches, wish we had a system where, some organizations like you were giving feedback to those who had the power to book them for negligence
Money doesn’t remain with fools for long.
A true Banana republic right since 1947.5 trillion economy--HA.
Big ppl big game n lead to shame .
Indiabulls next???
Well eventhough it was always known that nbfcs were dubious the sheer ease with which hdil and dhfl have gone ahead with their business is astonishing. It is as if they had a permit to pilfer public money with regulator rbi watching the affairs like a retard. All this greatly erodes investor confidence.
Super video. Warning to politicians that people are watching them. And they will be punished.... next elections they will be punished
EVERYTHING IS FINE IN INDIA HA HA HA.....
Sebi/RBI awake after everything is over. Everyday is new scam in financial market. USA financial market I best no way anyone can manipulate.
No confidence in invest India
No different between Indian and Pakistani
All Chaukidars become Dakus....The financial system is getting into a Black Hole. Doomsday is nearing 👽
Who was hdil paying before 2019 LS elections? The answer will not surprise you 😂😆 the name starts with B 😂😂
He is investing in London 350 million pounds in one hotel and lives here in London now and being helped by Indian bankers that work in london that are from India pleases take them back do not been them here in London.
This is interesting. We would be happy to follow up. Would you share any other details you may have at sucheta@moneylife.in thank you in anticipation. best regards
Will email you my details and number
Govt and regulators are totally biased
Only one man : Arvind kejriwal can tame these rascals.
Mayur Panghaal Arvind himself is a rascal and deshdrohi
@@parthaguru3914 then arrest him and put him on trial. I can call u worse but I don't want to waste my time
This is the result of nusbandi.
yes this is CHIDAmBARAMs doing he was man in charge he know well and he is paying for it
Don't want explain after death fools
Discuss after death, intelligent people believe prevative
Sebi is utterly useless
Respected men.
Please make video in hindi language.
Thank you.
Nilesh Prasanani - learn English pls.