new delhi shares of indiabulls housing finance plunged over 10 per cent on monday amid allegations of embezzlement of more than rs 1 lakh crore from national housing bank nhb the scrip tanked 1044 per cent to close at rs 559 on the bse during the day it tumbled 1229 per cent to rs 54740 on the nse shares dropped 1035 per cent to close at rs 55970 the companys market valuation fell by rs 278561 crore to rs 2390139 crore on the bse selling was also seen in other group stocks with indiabulls integrated services ltd dropping 497 per cent indiabulls real estate falling 472 per cent and indiabulls ventures 468 per cent on the bse in a filing to the bse on sunday indiabulls housing finance limited with reference to subramanian swamys letter dated june 28th being circulated in social media alleging embezzlement of more than rs 1 lakh crore from nhb said loans outstanding as on date from nhb to indiabulls housing is zero it also added that indiabulls housing in its history has never taken any loan or refinancing facility from nhb the total loan book of indiabulls housing is approximately rs 87000 crore the filing added