Housing scam: CBI raids in Bhopal and Nagpur

CBI has raided eleven premises in Bhopal and Nagpur in Maharashtra in connection with a housing loan scam.

Last Updated: Dec 29, 2011, 14:11 PM IST

Bhopal: CBI has raided eleven premises in
Bhopal and Nagpur in Maharashtra in connection with a housing
loan scam running into Rs 138.52 lakh allegedly involving a
former official of a public sector lender besides five
city-based builders, officials said on Thursday.

Bhopal: CBI has raided eleven premises in
Bhopal and Nagpur in Maharashtra in connection with a housing
loan scam running into Rs 138.52 lakh allegedly involving a
former official of a public sector lender besides five
city-based builders, officials said on Thursday.

Offices and residences of former State Bank of Hyderabad
branch manager Ravindra J Pathrove, Thirupathy Construction
Pvt Ltd, Prabhakar Builders and Developers, SS Construction
and Lakshmi Homes were yesterday raided for allegedly securing
loan to the tune of 138.52 lakh on forged documents to
purchase houses in 2009-2010, they said.

The central agency sleuths have seized incriminating
documents pertaining to the houses, which existed only on
paper in Prem Nagar locality in Khajoori Kalan area on the
outskirts of the city, during raids.

According to CBI sleuths, the accused have been booked
for cheating, forgery, criminal conspiracy and relevant
sections of the Prevention of Corruption act, 1988.

PTI