Housing Scam in Indian Market LIC/Central Bank of India and BOI

Another Scam Brewing in Indian Stock Market

Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal.
Shares of LIC Housing Finance and Central Bank of India plunged in late afternoon trade on Wednesday after media reports suggested that the Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal.
The CBI raids were conducted at New Delhi, Mumbai, Kolkata and Chennai, according to …

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