ED files FIR against Sameer Gehlaut in ₹10,000 cr fraud case
pre-market1 source ↓written by the desknot a recommendation
- through dubious loans
- ₹10,000 cr
The Enforcement Directorate (ED) has registered an FIR against Sameer Gehlaut, co-founder of Indiabulls Housing Finance (IHFL), for allegedly embezzling ₹10,000 cr through dubious loans. The investigation targets multiple firms, including Reliance ADAG and DLF Group, raising concerns over financial practices in the housing finance sector. This crackdown may impact IHFL's market sentiment significantly.
Not investment advice. For informational purposes only.