Housing loan scam: CBI gets fresh custody of three accused

Rajesh Sharma is the CMD of Mumbai-based firm Money Matters Ltd,while the two others were his employees.

CBI lawyer Ijaz Khan said that the investigating agency would end the custodial interrogation of the trio by December 9.

The eight accused,including the trio,in the case were given bail by the court yesterday with regard to other offences.

The court was today informed by the CBI that they need custody of Rajesh Sharma and two others with regard to three more offences.

Further interrogation of the trio was necessary in connection with offences related to their role in facilitating loans for Lavasa Group and Adani Group,as well as fraudulent procurement of loans from LIC and Central Bank of India,Khan told the court.

The CBI,on November 24,arrested LIC Housing Finance CEO Ramchandran Nair,Naresh Chopra,Secretary (Investment) LIC; R N Tayal,General Manager of Bank of India (Delhi); Maninder Singh Johar,Director of Central Bank of India; Venkoba Gujjal,Deputy GM of Punjab National Bank (Delhi); apart from Sharma and his two employees in connection with the scam.

According to CBI,the LIC and bank officials colluded with Sharma’s firm to sanction large loans to housing firms,overriding mandatory conditions for such approvals. They were also gathering confidential business information from financial institutions.

UPDATE: Mr Rajesh Sharma, Accused in Spl Case CBI Nos: 9/11, 65/11, 66/11, 71/11 & 72/11 has informed that he was discharged from prosecution commenced under provisions of the IPC and Prevention of Corruption Act, 1988 in all these cases by Orders passed by HHJ Sp Judge Mr A A Khan (CR 47) on 17.06.2015.