The Central Bureau of Investigation (CBI) today conducted raids at the offices of Money Matters, the finance company that is at the centre of the corporate loan scam.

The central investigating agency raided the offices of the company that is facing allegations of bribing top public sector bankers to get loans approved for several realty firms (See: Bribes-for-loans: 8 accused to appear in court today).

According to sources, the CBI recovered a huge trove of gold coins and a number of incriminating documents. Meanwhile, the eight accused are to be produced in court for extension of custody, tomorrow.

Besides gold coins, the investigating agency also found gold cufflinks, expensive pens and gold keychains in a small room in the office. Sources say the CBI has sealed the room and a valuation of the items will be done soon.

According to the CBI officials, this showed that Sharma had bribed officials of LIC Housing (finance) as also  public sector banks to get loans for his clients.

Along with Sharma, Ramchandran Nair, CEO of LIC Housing (finance) Ramchandran Nair and six others are in CBI custody.