ED investigates Sameer Gehlaut in ₹10,000 crore fraud case
after close1 source ↓written by the desknot a recommendation
- for allegedly embezzling
- ₹10,000 crore
- Reliance ADAG worth
- ₹1,580 crore
- DLF Group received
- ₹1,705 crore
The Enforcement Directorate (ED) has launched a crackdown on dubious loans, filing an FIR against Sameer Gehlaut, co-founder of Indiabulls Housing Finance (IHFL), for allegedly embezzling ₹10,000 crore. The investigation includes loans to major firms like Reliance ADAG and DLF Group. This development may impact investor sentiment towards IHFL and related sectors.
• FIR filed against Sameer Gehlaut
• Loans to Reliance ADAG worth ₹1,580 crore
• DLF Group received ₹1,705 crore
• IHFL under scrutiny for loan disbursements
Immediate market implications could arise as the investigation unfolds.
Not investment advice. For informational purposes only.