Loan scam: CBI gets deal documents | mumbai | Hindustan Times
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Loan scam: CBI gets deal documents

mumbai Updated: Dec 01, 2010 01:23 IST
Manish Pachouly
Manish Pachouly
Hindustan Times
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The Central Bureau of Investigation (CBI) has received almost all the documents it required from 21 companies pertaining to the bribe-for-loans scam that it is investigating, said a senior officer requesting anonymity as he is not authorised to speak to the media.

The CBI had last Tuesday sent notices asking for these documents.

The CBI last week arrested five officers of the Life Insurance Corporation (LIC) of India and leading banks for taking bribes to sanction loans to corporations.

Three executives of Money Matters, a financial services firm, face charges of acting as middlemen for the bribes.

The CBI last Wednesday arrested Naresh Chopra, secretary (investment), LIC, Mumbai; Ramchandran Nair, director and CEO, LIC Housing Finance, Mumbai; RN Tayal, general manager, Bank of India, Chennai; Manindersingh Johar, nominated director, Central Bank of India, New Delhi; and Venkoba Gujjal, deputy general manager, Punjab National Bank, Mumbai.

The CBI also arrested Rajesh Sharma, chairman and managing director, Money Matters, Mumbai, as well as Suresh Gattani and Sanjay Sharma, both part of the company.