Massive scam under Pradhan Mantri Awas Yojana scheme unearthed; CBI investigates |

[bhaigan]

The Central Bureau of investigation on Wednesday unearthed a scam linked to the Pradhan Mantri Awas Yojana (PMAY). The CBI has registered a case against crisis-hit Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan, who are already in jail over money-laundering charges.

The CBI said that Wadhawans created fake and fictitious home loan accounts amounting to over Rs 11,755 crore. They availed Rs 1,880 crore in interest subsidy based on these fake loans from the government, as mentioned in a report in NDTV.

According to the agency, the Wadhawans told investors that it had processed 88,651 loans under PMAY and received Rs 539.4 crore in subsidies. It said that Rs 1,347.8 crore was due.

Forensic audits reveal that the Wadhawans opened 2.6 lakh fake housing loan accounts. Several of these loans were under the PMAY scheme and the DHFL promoters claimed interest subsidies as per rules.

CBI alleged that between 2007 and 2019 loans amounting to Rs 14,046 crore were sanctioned to these accounts. Out of this, Rs 11,755.79 crore were deposited to other fictitious firms.

The PMAY scheme announced in October 2015 aims to grant housing loans to people from the Economically Weaker Sections (EWS) and those from low and middle income groups through credit-linked interest subsidy ranging from 3-6.5 per cent per annum. The subsidy amount is claimed by the financing institutions that grant these loans.

Wadhawans are already in jail in connection with the Yes Bank case. The CBI's chargesheet stated that Yes Bank founder Rana Kapoor received kickbacks for investing in DHFL.

[bhaigan]

Ache din ayega , LOL pushpam's 

[futureofandhra]

1 minute ago, bhaigan said:

Ache din ayega , LOL pushpam's 

evadu dochukunna nothing happens

[bhaigan]

1 minute ago, futureofandhra said:

evadu dochukunna nothing happens

Ache din ayega 

[Hydrockers]

Adey congress govt lo ayyi unte PM should resign ane vadu modi

[bhaigan]

4 minutes ago, Hydrockers said:

Adey congress govt lo ayyi unte PM should resign ane vadu modi

ede edanna state congress govt. lo jarigi unte

Godi media valu oka 1 month patu ede content tho savagotte valu

 

[PhirLalSalam]

lol.. maro.. samsaram vyabicharam thread

[jawaani_jaaneman]

13 minutes ago, Hydrockers said:

Adey congress govt lo ayyi unte PM should resign ane vadu modi

Congress hayam la DLF odu baaga 10gesindu awaaz yozana paisal...

K P Singh paisal 10githe, adi degara Alludu Vadra 10gesindu...

DLF’s main capital strategy was PMAY cheap capital..