Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Bribe scam unearthed; top LIC, bank officials held by Vinaya Deshpande

Bribe scam unearthed; top LIC, bank officials held by Vinaya Deshpande

Share this article Share this article
published Published on Nov 24, 2010   modified Modified on Nov 24, 2010

The Economic Offences Wing of the Central Bureau of Investigation has unearthed a multimillion-rupee bribery scam and arrested top officials of public sector banks and financial institutions, including the Chief Executive Officer of the Life Insurance Corporation Housing Finance Limited.

On Tuesday, the CBI conducted raids in Mumbai, Delhi, Chennai, Jaipur, Kolkata and Jalandhar and seized some documents. “Five separate cases have been registered,” Joint Director P. Kandaswamy told a press conference here on Wednesday.

The arrested include Naresh K Chopra, Secretary (Investment), LIC, Mumbai; Ramchandran Nair, Director and Chief Executive Officer, LIC Housing Finance Limited, Mumbai; R.N. Tayal, General Manager, Bank of India, Mumbai; Manindersingh Johar, Director (Chartered Accountant), Central Bank of India, New Delhi; Venkoba Gujjal, Deputy General Manager, Punjab National Bank, New Delhi; Rajesh Sharma, chairperson and managing director of Money Matters, Mumbai; and Suresh Gattani and Sanjay Sharma, also of the private financial services company.

Mr. Kandaswamy said Money Matters used to bribe officials of these public sector banks and financial institutions to facilitate large-scale corporate loans and other facilities.

The Hindu, 25 November, 2010, http://www.hindu.com/2010/11/25/stories/2010112557920100.htm


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close