CBI to file more FIRs in the cash-for-loan scam

Economic Offense Wing (EOW) of the Central Bureau of Investigation (CBI) which is investigating the cash-for-loan scam will soon be filing another set of First Information Reports (FIRs) in the case.

The CBI team has forwarded the findings of the investigation to the headquarters in New Delhi and are waiting for the nod to file the FIRs.

In the month of November EOW had cracked a multi-crore cash-for-loan scam in which five senior officials of public sector banks were arrested along with three people representing Money Matters (India) Pvt Ltd, a financial agency facilitating the procurement of loans to corporates.

A reliable source in the CBI revealed that they have found concrete evidences against the clients of the Money Matters Pvt Ltd, who have 'tweaked' the rules and forged documents to avail loans.