PNB Housing Finance Declares Fraud Against Corporation Holding Rs 421.81 Crore in Credit Facilities
PNB Housing Finance Limited has declared a fraud related to credit facilities extended to M/s. Happy Home Corporation. The fraudulent accounts, which were previously classified as non-performing assets (NPA), have been identified and classified as fraud following the completion of internal processes.The company reported the matter to the National Housing Bank. M/s. Happy Home Corporation received various credit facilities from PNBHFL that were sanctioned and disbursed between 2016 and 2021.The details of the fraudulent accounts are as follows:Name of Account(s)Amount Reported as FraudM/s. Happy Home CorporationRs.421.81 Crore...