documents creating a charge or a security on the loans and several had not filed their balance sheets for 201718 dhfl has also hidden the terms of loan and terms of repayment in its financial statement importantly all the shell companies have zero or very negligible income from their business operations since their inception it addedthe portal said one of the directors on some of the sahana group companies jitendra jain under investigation by the economic offences wing was in judicial custody a prominent shareholder of the sahana group is former shiv sena mla dalvi shivram gopal it alleged that most of the loans extended to sahana had turned into nonperforming assets where repayments have been due for at least 90 days at a stretchcobrapost also alluded to political links pointing out that loans of rs 1160 crore were sanctioned to various gujaratbased companies for several projects which have now been put on hold these loans were given very close to the time of the gujarat elections similarly karnatakabased companies received loans of rs 1320 crore before assembly elections in the state the investigation has found three companies galaxy silicon and hemisphere linked to wadhawans which have been instrumental in the scam the portal saidwatch news portal alleges rs 31000 crore fraud by home finance company dhfl