Land scam: Raid at LIC; Central Bank manager held

New Delhi, Nov 24: Shocking bribery and land scam cases have been unearthed as CBI on Nov 24 informed that they conducted raid at LIC offices in Mumbai, Delhi, Kolkata and Chennai and arrested 8 officials of public sector banks and financial companies including General Manager of the Central Bank.

Sources informed that Chief Executive Officer (CEO) of LIC Housing Finance; the General Manager of Central Bank of India; and the Deputy General Manager of Punjab Bank in Delhi are among the eight top detained officials.

Following the news, Indian markets once again crashed drastically as NSE Nifty lost 69 points while closing on Nov 24.

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