Bribery Case in the Housing and Finance Sector leading to the Arrest of CEO of LIC Housing Finance
CBI is successful in solving another bribery case. This case is one from housing sector. CBI solving the case lead to the arrest of the CEO of LIC housing finance and other senior officials of the public sector banks. The govt said that the banking system is sound and it is not a large scam wherein large number is involved. The NPA being very less the assets are not being affected. as per information officials those were arrested a day before include LIC Housing Finance CEO Ramachandran Nair , 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). In defense the chief says that it had followed all the necessary procedures. When research was made in major cities resulted in seizure of incriminating documents and thus individual cases are being registered.
CBI is successful in solving another bribery case. This case is one from housing sector. CBI solving the case lead to the arrest of the CEO of LIC housing finance and other senior officials of the public sector banks. The govt said that the banking system is sound and it is not a large scam wherein large number is involved. The NPA being very less the assets are not being affected. as per information officials those were arrested a day before include LIC Housing Finance CEO Ramachandran Nair , 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). In defense the chief says that it had followed all the necessary procedures. When research was made in major cities resulted in seizure of incriminating documents and thus individual cases are being registered.