Top officers arrested because of multi core housing loan corruption.The Central Bureau of Investigation (CBI) has unearthed a fake housing scandal that runs into crores of rupees. LIC Housing Finance, Central Bank of India and some private sector developers are involved in the scam.

On the back of this multi-crore fake housing loans scandal, the CBI on Wednesday conducted a nation-wide raid and questioned senior officials from LIC Housing Finance, Central Bank of India, Bank of India and Punjab National Bank to name a few. This, it is being learnt, has lead to arrests of at least eight top brass executives.