Close on heels of CBI bursting a major housing finance racket involving bank officials and reatly companies, the Competition Commission of India (CCI) today said it was also examining 11 complaints against a few real estate companies pertaining to anti-competitive practices.
“I can only say that of the 137 cases that we are handling, 11 pertain to the real estate sector,” CCI Chairman Dhanendra Kumar told reporters on the sidelines of an Assocham event here, without disclosing the names of the companies.
According to sources, of the 11 such cases, at least five complaints are against one realty major for its various housing projects.
CCI looks into violation of anti-competitive practices and abuse of dominance by companies.
Kumar said complaints had been received under Sections 3 and 4 of the Competition Act, 2002, which dealt with anti-competitive agreements and abuse of dominant position, respectively.
He said this while responding to the query if CCI planned to look into the companies involved in the housing finance scam, which led to the arrest of LIC Housing Finance Chairman Ramachandran R Nair and seven senior bank officials.
Last week, the Central Bureau of Investigation had booked the officials for allegedly colluding with loan arranger Money Matters and overlooking regulatory guidelines for granting approvals, for their individual monetary gains.
