Indiabulls Housing Finance Ltd. has disproved the allegation of siphoning Rs 98,000-crore, calling it a “bizarre” and made by a “racket of blackmailers”.
The sum loan book size of Indiabulls Housing Finance is Rs 90,000 crore, so the allegation of siphoning Rs 98,000 crore is “bizarre”, the non-banker lender said in a statement. Also, over the last two months the company has been receiving extortion threats from “a racket of blackmailers,” threatening to write complaints to various government departments alleging siphoning Rs 55,000 crore, unless Rs 10 crore was paid to them, it said in a statement.
The original complaint (Rs 55,000 crore) by the blackmailers was dated May 6, 2019, the statement said. After that, the company filed a first information report on June 4.
“When demands of the person who was the original complainant were not met, he thereafter tried to extort money in lieu of withdrawing his complaint from various government departments,” Indiabulls Housing Finance said, adding this person was arrested on June 7.
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