CBI to register FIR against realty firms in housing loan scam

04 Jan 2011

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The Central Bureau of Investigation (CBI) is expected to register a first information report (FIR) against a number of realty firms for allegedly securing loans by bribing top officials of public sector banks and LIC Housing Finance in the kickbacks-for-loans scam.

A few more arrests are also said to be in the offing.

According to senior CBI officials, these firms benefited from fraudulently securing loans worth several hundred crores from the banks.

After the Economic Offences Wing (EOW) of the CBI submits the investigation report to the agency's director, a case is expected to be registered against the alleged offenders.

According to officials, following the registration of the case, the owners of the firms involved would be called in for questioning and their statements will be recorded.

A top executive of a leading city-based realty firm is said to have allegedly facilitated and helped the firms get loans from the public sector banks.

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