Earlier in the day, Vijayan said in Mumbai that he had briefed the government on the recent happenings in the company and asserted that its assets were not impaired by the scam.
LIC chairman TS Vijayan today met officials in the prime minister's office (PMO) in the aftermath of a housing finance scam that saw the arrest of CEO of the company's housing finance arm and one official of the state-run insurer by CBI.
Vijayan refused to divulge details of the late night brief meeting with the PMO officials.
Earlier in the day, Vijayan said in Mumbai that he had briefed the government on the recent happenings in the company and asserted that its assets were not impaired by the scam.
"We are trying to have an internal enquiry into this matter. Our asset quality has not been impaired," he said.
The outstanding loans to the contentious real estate companies from LIC Housing Finance was Rs380 crore, and LIC was providing all the relevant information to CBI for its investigation into the scam, he said.
Yesterday, the CBI busted the housing finance racket and arrested eight top officials from banks and financial firms on charges of taking bribes to grant corporate loans.
"CBI has requested for some files (relating to loans extended to some housing companies). The outstanding amount (from) these companies were Rs380 crore," Vijayan said.
The insurer also convened an urgent board meeting to take stock of situation after arrest of Ramachandran Nair, CEO of it housing finance entity, and Naresh K Chopra, LIC's secretary (investment) on charges of involvement in loan bribery case.
"Chandrasekhar who is the senior most general manager at the LIC Housing Finance will be the officiating CEO of LIC Housing Finance," Vijayan said after the board meeting, adding he would be assisted by two other general managers.
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