The Central Bureau of Investigation (CBI) officers have over 5,000 documents to scrutinise in the cash-for-loan scam.
A senior CBI officer, requesting anonymity as he is not authorised to speak to the media, said the agency would start summoning companies for questioning once they study the documents gathered so far.
According to the CBI case, many companies obtained huge loans from three banks and the Life Insurance Corporation (LIC) of India by paying bribes to senior officers through Money Matters, a financial services firm.
Last week, the CBI arrested Naresh K Chopra, secretary (investment) LIC, Mumbai, Ramchandran Nair, director and CEO, LIC Housing Finance, Mumbai, RN Tayal, general manager, Bank of India, Chennai, Manindersingh Johar, chartered accountant and nominated director, Central Bank of India, New Delhi, and Venkoba Gujjal, deputy general manager, Punjab National Bank, Mumbai. Also, Rajesh Sharma, chairman and managing director, Money Matters, Mumbai, and Suresh Gattani and Sanjay Sharma from the firm were arrested.
The officer said the documents include bank account statements of the arrested and the companies involved in the scam. There are also documents pertaining to loan transactions between the banks, LIC and the companies.
Meanwhile, Vishwas Utagi, secretary of the All India Bank Employees Association said the association would stage an agitation. He said the AIBEA central committee was meeting on December 5 to discuss the situation in the banking industry.