Wednesday, November 24, 2010

CEO of LIC Housing finance arrested & Central Bank of India is also under scanner



LIC Housing Finance Ltd. and Money Matters Financial Services Ltd. are being probed by India's Central Bureau of Investigation (CBI), media reports said.

In a latest development it is reported that the CEO of LIC Housing Finance is being arrested by CBI in a financial scam. Central Bank of India is also under scanner.

The scrip of LIC Housing Finance and Central Bank of India fell sharply on the BSE and NSE on reports that the CBI was investigating their top officials.

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