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, S S Construction and Lakshmi Homes were yesterday raided for allegedly securing loan to the tune of Rs 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.