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Housing Loan Scam
in Current Affairs & Latest News
The economic offences wing of the Central Bureau of Investigation on Wednesday unearthed a major fake housing loan racket and arrested eight officials from various banks on graft charges.
Thanks 'n' Regards,
Deepti.
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    CBI arrested CEO of LIC Housing Finance Ramachandran Nair and seven others senior bankers in connection with a housing finance racket.
    Apart from Nair, those arrested are Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, General Manager of Bank of India (Delhi), Maninder Singh Johar, Director (Chartered Accountant) of Central Bank of India, Venkoba Gujjal and Dy General Manager of Punjab National Bank (Delhi)..


    For more news, Have a look here...
    http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1095518/1/.html
    Thanks 'n' Regards,
    Deepti.
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    It appears scam is everywhere. We come to know of those scams only that are prominently highlighted by media. There is crisis of character.

    We have to strike at the root. Apparently, the parliamentary system is costly. The politicians need heavy cash for contesting elections. Hence they indulge in corruption and compel or connive with bureaucrats. Making elections less costly or state funding are the means to reduce the cost of elections and hence need for raising cash via corrupt practices.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    Overall 17 companies have been identified to be in the scam.... These are given notice...
    They should reply by today itself.
    Thanks 'n' Regards,
    Deepti.
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    @Deepti,
    I was not aware of it.Thanks for the information shared here. :) :)
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    Thanks Nagalakshmi.. :)
    Good to know that have provided with new information.. :)

    Sensex crashed yesterday due to this news.. today it is flat(slightly negative)...
    Thanks 'n' Regards,
    Deepti.
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    It seems to be a season of scams and tha nation is rocked by one after another!
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    Thats true... The initial scam was started by private company SATYAM... Next this spread to 2G, CWG and many.. :(

    Serious actions should be taken against them...
    Thanks 'n' Regards,
    Deepti.
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    I think scams and scandals were and are all there and waiting to be exposed and this nation is sitting atop the mountain of scams!
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    Due to the television channels coverage we are all able to know the scandals and scams that were going on everyday.
    Thanks 'n' Regards,
    Deepti.
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    scam involving state-owned institutions and a private and listed Mumbai-headquartered company Money Matters Financial r also big fish in the race of scam
    THANKS! THIS REALLY HELPED A LOT! Share with World now

    http://share-ask.com/category/peoples-articles-news-now/
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