Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

CBI Busts Real Estate Loan Racket- 8 Senior Officials Arrested

Posted: 25 Nov 2010 02:33 AM PST

The Central Bureau of Investigation on Wednesday arrested eight senior officials of banks and financial institutions on charges of taking bribes for sanctioning real estate loans. The arrested officials are: R R Nair, director and chief executive, LIC Housing Finance; Naresh Chopra, secretary (investment), Life Insurance Corporation of India; R N Tayal, general manager, [...]

SEBI Bars Sahara Group’s Real Estate Arms from Raising Fund

Posted: 25 Nov 2010 02:15 AM PST

India’s capital markets regulator Wednesday barred two real-estate companies owned by the Sahara Group from raising money through equity or convertible bonds until further direction, as part of an ongoing investigation regarding compliance with disclosures rules. The Securities and Exchange Board of India has restrained Sahara India Real Estate Corp. and Sahara Housing Investment Corp. [...]

Scandal Speculation Leads to Sharp Decline in Indian Real Estate Shares

Posted: 24 Nov 2010 09:57 PM PST

Shares of LIC Housing Finance Ltd., along with those of realty companies Hindustan Construction Co., Oberoi Realty Ltd. and DB Realty Ltd. plunged early Thursday after the companies were named in a loan scandal late Wednesday. The Central Bureau of Investigation Wednesday arrested eight people, alleging they took huge bribes to issue corporate loans. The [...]

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)