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NHB classifies Star Housing Finance account as fraud after audits flag phantom loans

Friday, August 28, 2026 - 02:19
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NHB classifies Star Housing Finance account as fraud after audits flag phantom loans
National Housing Bank’s fraud classification follows audits that flagged phantom loan accounts, alleged fund diversion and other irregularities at Star Housing Finance, which is now engaging with a potential investor for a majority stake and fresh capital.

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