Loan scam: CBI to quiz main accused on codes

The special CBI court on Thursday allowed the CBI to take Rajesh Sharma, the alleged kingpin in the bribe-for-loan-scam, to the CBI office from the Arthur road jail. Sharma is presently in judicial custody.

“The electronic records seized from him are in coded language. We need him to decipher the codes,” said special CBI prosecutor Ejaz Khan. He said that the court has allowed them to take Sharma to CBI office on Friday and Saturday where investigation officer will try to decipher the codes.

The CBI had arrested chief executive officer of LIC Finance Ramchandran Nair, secretary (Investment) Naresh Chopra, general manager, Bank of India RN Tayal, director, Bank of India Maninder Singh Johar, deputy general manager of Punjab National Bank Venkoba Gujjal, CMD of Money Matters Rajesh Sharma and his two employees, Suresh Gattani and Sanjay Sharma, on November 24 for their alleged involvement in a cross-country housing loan racket.