This Article is From Dec 03, 2010

Loan scam: All 8 accused granted bail

Loan scam: All 8 accused granted bail
Mumbai: All 8 accused in the multi-crore corporate loan scam have now got bail. They were earlier sent to judicial custody till Decmber 16th.

The CBI has found documents on 50 million shares in the block deals pertaining to the multi-crore loan scam.

One hundred and eighty gold coins and gift vouchers have also been recovered from the Money Matters office.

On November 24, the CBI had arrested CEO of LIC Housing Finance Ramachandran Nair, Naresh Chopra, Secretary, Investment, LIC, RN Tayal, GM, Bank of India, the Director of Central Bank of India, and the Deputy GM of Punjab National Bank.

The Chairman and MD of Mumbai-based firm Money Matters was also arrested.


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