📷 Image: Wikimedia Commons / Flashthomsom
Crime
Jharkhand HC Orders CBI Probe into Rs 727.67 crore DHFL Investment Loss for CMPFO
✍️ Live Law
🗓 16 Oct 2026, 03:32 AM
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The Jharkhand High Court has directed the Central Bureau of Investigation to probe the alleged ₹727.67 crore loss suffered by the Centralized Monitoring of Public Financial Operations (CMPFO) from its DHFL investment.
The Jharkhand High Court issued an order on Monday directing the Central Bureau of Investigation (CBI) to investigate a reported loss of Rs 727.67 crore incurred by the Centralized Monitoring of Public Financial Operations (CMPFO) through its investment in the defunct housing finance firm DHFL.
The court noted that the magnitude of the loss raises serious questions about the due diligence and oversight exercised by CMPFO while allocating public funds to the DHFL scheme.
By assigning the matter to the CBI, the bench seeks a thorough forensic audit of the transaction, identification of any irregularities, and possible recovery of the funds.
The order comes amid growing scrutiny of state‑level investment decisions in distressed assets, and the CBI is expected to file a detailed report to the court within a stipulated timeframe.
The court noted that the magnitude of the loss raises serious questions about the due diligence and oversight exercised by CMPFO while allocating public funds to the DHFL scheme.
By assigning the matter to the CBI, the bench seeks a thorough forensic audit of the transaction, identification of any irregularities, and possible recovery of the funds.
The order comes amid growing scrutiny of state‑level investment decisions in distressed assets, and the CBI is expected to file a detailed report to the court within a stipulated timeframe.