Full Coverage - Loan Scam

Loan Scam

Loan scam: Top brass chargesheeted

PSU bank officers, including LIC Hsg Fin CEO, were accused of taking bribes to sanction loans.


LIC scam: No bail for Money Matters' CEO

Thursday , 6 January '11

Observing that Rajesh Sharma, chairman and managing director of city-based firm Money Matters, seemed to be the "kingpin" in the multi-crore kickbacks-for-loans scam, the Bombay High Court today rejected his bail plea.
'Scam' in loans to Lavasa, Adani

Tuesday , 4 January '11

Housing loan scam has indicated many top real estate companies got loans in a fraudulent manner.
Realty firms face fresh case in loan scam

Monday , 3 January '11

Probing into the kickbacks-for-loans scam, the CBI claimed that private realty companies were aware of the fraudulent measures.
Rs 389 cr loans under CBI scrutiny: LIC Housing

Tuesday , 30 November '10

LIC Housing Finance, which is in the eye of the loan scam, on Monday said that outstanding loans to the tune of Rs 389 crore are under the scrutiny of the Central Bureau of Investigation
CBI is probing 21 sizeable companies for links to a bribes-for-loans scandal.
Realty firms on I-Tís scam radar

Saturday , 27 November '10

Tax dept will take a close look at expense accounts of Emaar MGF, Parsvnath, DLF and others.
No cut ordered on housing loans: Govt

Friday , 26 November '10

Housing loan scam has not led to any order being issued to lenders, says govt.
The CBI said the cross-country housing loan racket can be called a case of bribery and corruption.
Loan racket a bribery case, not a fraud: CBI

Friday , 26 November '10

The CBI said the cross-country housing loan racket can be called a case of bribery and corruption.
'No recalling of loans in bribery scam'

Friday , 26 November '10

The official said that no instruction has been issued to banks to reduce their exposure to realtors.
BGR Energy, Oberoi Realty deny scam role

Friday , 26 November '10

Three firms, including BGR Energy Systems Ltd and Oberoi Realty, denied their involvement in the housing loan scam.
Jaiprakash Power has received a notice from CBI and is complying with the probe.
Housing Scam: Jaiprakash Power gets CBI notice

Friday , 26 November '10

Jaiprakash Power Chairman said, the company has received a notice and is complying with the probe.
Shares in Unitech fell as much as 26.8 per cent to Rs 46.1, its lowest since May 2009.
Housing Scam: Unitech plunges 26.8%

Friday , 26 November '10

Shares in Unitech fell as much as 26.8 per cent to Rs 46.1, its lowest since May 2009.
Scam: Parsvnath stock crashes 20%

Friday , 26 November '10

Parsvnath fell 20 pct after reports suggested that the Govt will widen probe into the scam.
Scam may hit property prices: Parekh

Friday , 26 November '10

HDFC's Deepak Parekh says property prices may fall as a result of the housing loan scam.
Sebi suspects the unscrupulous activities to have begun in these companies at least a year ago.
Loan Scam: Sebi probes insider-trading

Friday , 26 November '10

Sebi suspects the unscrupulous activities to have begun in these companies at least a year ago.
Post-scam, realty sniffs 15-30% price correction

Friday , 26 November '10

The recent housing loan scam may end up deflating Mumbaiís overheated property market; realty analysts predict an imminent drop between 15 and 30 per cent.
Independent directors to exit Money Matters

Friday , 26 November '10

RN Bhardwaj, former chairman of LIC and LIC Housing Finance, told The Indian Express that an emergency board meeting has been called tomorrow.
LIC brings new CEO for housing finance arm, starts internal probe

Friday , 26 November '10

A day after the loan scam broke out, Life Insurance Corporation (LIC) on Thursday moved swiftly to appoint VK Sharama.
Five firms borrowed Rs 1,000 cr in loan racket

Friday , 26 November '10

Five of the Indian companies involved in the housing loan racket borrowed Rs 1,000 crore by bribing bank officials, news agencies reported on Thursday quoting two private TV channels.
FM tells banks to check scam exposure

Friday , 26 November '10

Finance Minister Pranab Mukherjee directed all public sector banks to review their exposure to companies mentioned in a CBI investigation.