The CBI conducted simultaneous raids at the houses of lIC officers in connection with scam.
The raids have been conducted at the houses of officers posted in Gwalior and Indore offices. It is stated that they have created scam of nearly Rs 1.25 crore. The case was investigated by anti corruption unit of CBI. The assistant branch manager of lIC in Gwalior PK Pandey’s house and office were raided. He has just come from Naugaon Chatarpur.
He is staying in guest house of Moti Mahal because he has not been allotted house so far. His office is in Gola Ka Mandir which is a satellite branch of lIC. His house was raided because he was found involved in corruption while working in Indore.