New Delhi:
Sources in the CBI reveal that companies including real estate giants Lavasa and the Adani Group got loans worth hundreds of crores through fraudulent means.
These are among the findings of the CBI's early investigation into what's known as the bribes-for-loans scam.
In November, eight people were arrested, including senior executives of Public Sector Banks. They had allegedly been bribed by several real estate companies to grant massive loans to them. A company named Money Matters served as the middleman. Bank executives allegedly sold confidential business information to Money Matters as well. (Read: Top bank managers arrested for loans-for-bribes scam)
The Economic Offences Wing (EOW) of the CBI has completed its investigation and has sent the report to the agency's Director for approval. The report states that the following companies were beneficiaries of the scam:
These are among the findings of the CBI's early investigation into what's known as the bribes-for-loans scam.
In November, eight people were arrested, including senior executives of Public Sector Banks. They had allegedly been bribed by several real estate companies to grant massive loans to them. A company named Money Matters served as the middleman. Bank executives allegedly sold confidential business information to Money Matters as well. (Read: Top bank managers arrested for loans-for-bribes scam)
The Economic Offences Wing (EOW) of the CBI has completed its investigation and has sent the report to the agency's Director for approval. The report states that the following companies were beneficiaries of the scam:
- D B Realty which got a loan of Rs 200 crore
- Lavasa which got a loan of Rs 400 crore
- Suzlon which got a loan of Rs 600 crore
- Adani Group
- Sunil Mantri of Mantri Realty
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