The 2010 fake housing loan in India was uncovered by the Central Bureau of Investigation (CBI) in India. CBI arrested eight top-ranking officials of public sector banks and financial institutions, including the LIC Housing Finance CEO Ramchandran Nair, in connection with the scam. 
CBI has been involved in the development and implementation of a number of international financial institutions. The bank officials sanctioned large-scale corporate loans to realty developers, overriding mandatory conditions for such approvals along with other irregularities. 
The Central Bureau of Investigation Arrested Number of High Court Fees in India in Connection with the Housing Scam in November 24, 2010. Smith (2010) In corporate corruption. Precisely, the Banks of India and the Central Bank of India and Punjab National Bank. LIC housing and Finance Limited, LIC housing and Finance Scandal. Lamont (2010) LIC Investment, general managers, Directors and deputy managers of banks were involved in taking the funds from LIC in appropriate and unethical way. Smith (2010) said that the middleman to provide the funds to the main parties and in return they were having hefty amount of funds from the real investors, insurers and other consumers. Smith (2010) is a business-to-business investment banker, and has been a member of the Board of Directors. Meanwhile, the Economic and Social Council of the United States of America and the Government of the United States of America. Nonetheless, The Billion Dollars, comes as the biggest scandal in the Housing Finance in Asia. However, the stock price took a sharp dip soon after the event. Apparently, LICHF had a good run till September 2010 when it reached Rs.299 and the growth rate undoubtedly, received the appreciation by the investors and other shareholders. The Rupees 150 by the end of year 2010. The Rupees at the Rupees, at the end of the year, Of time but however, Lamont (2010) FACTUAL INFORMATION FOR THIS ISSUE (in French) Reuters stated that LIC Housing and Finance is looking to raise the capital to the tune of Rupees 25,000 Crores in 2011-12 through debt. Eventually, the technical experts believe that company is developing its core competencies and capabilities and undoubtedly, investors would revive the stock price and current market. However, experts believe that the Housing and Finance Scandals by the top officials in LIC and other banking institutes will always stand in the way of the future potential of such companies but the future and the endless opportunities in the hands of ultimate investors. Eventually, Online newspaper, Rediff quoted as saying that most of the brokers are taking the stock of LICHF after the scam as related to the current project being carried out by the company. Namely, IIFL, Aditya Birla, IL & FS are impressed by the current progress by the company and building up the stock ay higher rate. However, Reuters reported that the Financial Planning Commission has had some adverse effects on the stock of banking, insurance, mortgages and other related sectors in the industries. However, the company has been quoted as saying that they would include the margin between 2.8 and 3% in relation to the rising interest rates and their effects on the share price. However, In response the scam, The Reserve Bank of India and other regulatory and financial bodies attempted to reform the housing finance sector by making several supervision and security measures in this regard. Eventually, the corporate scam destroyed the interest and confidence of investors and thus, the monetary and regulatory authorities must execute their task in relation to safeguarding the interests of investors. Apparently, Smith (2010) stated that the Central Bureau of Investigation exposed the stock price dip to 18% of the prevailing market rate after the scam and other banks who were involved in a decline between 5 and 15% during the time. Hence, it was anticipated that investors believed in the core values and company’s relationship with the investors and the stock changes in the short span of time however,
CBI’s Economic Offices Wing (EOW), to recover incriminating documents. 
According to CBI, the companies to which the loans in question were given include: 
- Lavasa Corp., a unit of Hindustan Construction Co.
- Oberoi Realty Ltd.
- Ashapura Minechem Ltd.
- Suzlon Energy Ltd.
- DB Realty Ltd., a part of the Dynamix Balwas Group
- Emaar MGF Land Ltd.
- Mantri Realty
- Kumar Developers Ltd.
The CBI EOW also suspects that the companies may have inflated their assets in order to make them eligible for the loans. 
According to CBI, an employee of the financial services firm had expressed his willingness to turn witness in the case. 
Most companies, including BGR Energy and Oberoi Realty denied any role in the scam. 
The scam was discovered shortly after the 2010 Commonwealth Games corruption controversy and the Adarsh Housing Society Mumbai scam. The investors were rumored to be in Mumbai. The share of the LIC Housing Finance, Central Bank of India, Punjab National Bank, Bank of India as well as other real estate stock declined.  
The Union finance ministry initially claimed that the case was a bribery incident, and not a large-scale scam. The CBI officials had indicated that the size of the scandal could be worth over Rs 1,000 crore, but the finance ministry officials claimed that the magnitude of the scandal was too insignificant to affect the Indian financial sector. 
The income-tax (IT) department of the CBI.  However, many political analysts believe innocent bankers were implicated in this falsely created scam to defuse attention to the common man against the much larger and serious scams done by the ruling Indian government, notably of corrupt politicians like CWG minister Suresh Kalmadi and ex -telecom minister In Raja.
- Indian political scandals
- Corruption Perceptions Index
- Rent seeking
- Jan Lokpal Bill
- ^ Jump up to:a b c “CBI busts huge fake housing loan scam” . Deccan Herald . 24 November 2010 . Retrieved 28 November 2010 .
- ^ Jump up to:a b “Indian Bankers Arrested in Bribery Case” . Wall Street Journal . 24 November 2010. Archived from the original on 5 December 2010 . Retrieved 2010-11-28 .
- Jump up^ Shakhar Abidi (28 November 2010). “Home loan scam: Companies Influence Asset Value says Economic Offsets Wing” . DNA . Retrieved 2010-11-28 .
- Jump up^ Meneka Rao (27 November 2010). “Home loan scam: Accused may turn witness in court” . DNA . Retrieved 2010-11-28 .
- Jump up^ “BGR Energy, Oberoi realty deny scam role” . The Indian Express. 26 November 2010 . Retrieved 2010-11-28 .
- Jump up^ “Sensex nosedives 286 points on jitters over housing-loan scam” . The Economic Times . 26 November 2010 . Retrieved 2010-11-28 .
- Jump up^ “Pranab plays down housing loan scam” . The Economic Times . 27 November 2010 . Retrieved 2010-11-28 .
- Jump up^ Debobrat Ghose (26 November 2010). “Now, IT to investigate the home loan scam” . Hindustan Times . Archived from the original on 6 December 2010 . Retrieved 2010-11-28 .