LOAN SCAM

  • EPFO stops investments in LIC Housing Finance December 9, 2010

    New Delhi: Retirement fund manager EPFO on Thursday decided to suspend further investments in the LIC Housing Finance till CBI completes investigations into the alleged involvement of its top official in the bribesforloans scam. "As of now we have suspended further investments in the LIC Housing Finance. Safety of fund is...
  • SEBI starts probe in housing loan scam November 26, 2010

    Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has initiated an investigation into possible frontrunning and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housingfinance scam unearthed by the Central Bureau of Investigation (CBI). The initial findings,...
  • Housing scam: bankers defend loans sanctioned November 26, 2010

    Mumbai: Bankers have defended the loans given to companies named in the CBI charge sheet in connection to the bribes for loan scam saying these were performing loans and were sanctioned after due process. In its chargesheet, the CBI had named officials from the Bank of India, Punjab National Bank...
  • CBI probing 16 companies in housing loan scam November 25, 2010

    New Delhi:The government on Thursday said the income tax department would look into the tax issues relating to the housing loan scam racket. Meanwhile, the deadline for the notices issued by the CBI to 16 companies who allegedly received undue favours in the multicrore housing loan scam ends on Thursday. A...