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NHB Flags Star Housing Finance Account as Fraud Over Phantom Loans
NHB has classified Star Housing Finance's account as fraudulent due to phantom loans and fund diversion. The audits revealed significant irregularities, prompting the company to seek a major investor for fresh capital. This development raises concerns about financial practices in the housing finance sector.
βοΈ AI Verdict
"Looks like Star Housing Finance is in hot water over some shady dealings!"
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File ID: #383323Original Source: LiveMint Companies β
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