CBI flags quid pro quo in Chordia-ihfl transaction
New Delhi, Sept. 30 -- The Central Bureau of Investigation (CBI) has told the Supreme Court that its initial probe into the dubious loan transactions involving former promoter Sameer Gehlaut of Indiabulls Housing Finance Limited (now Sammaan Capital) has found "prima facie" quid pro quo regarding one transaction, while the investigation into four other such transactions involving corporate entities is still ongoing.
Seeking more time after the court entrusted the CBI with the probe last month, a fresh status report filed by the premier investigating agency on Monday said that allegations of quid pro quo were "prima facie" found in the case of loans advanced by IHFL to Chordia Group.
The CBI said, "Out of the loans obtained of more than Rs.7...
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