Swamy urged PM Modi to institute a special investigation team of the Central Bureau of Investigation (CBI), Enforcement Directorate (ED), Serious Frauds Investigation Office (SFIO) and Income Tax (IT) officials to probe the charges.
Among individual stocks,
Indiabulls Housing Finance (Rs 562), Indiabulls Ventures (Rs 244) and Indiabulls Real Estate (Rs 96) tumbled 10 per cent each, while Indiabulls Integrated Services was locked in the lower circuit of 5 per cent at Rs 122 on the BSE. Lakshmi Vilas Bank, too, slipped 10 per cent to Rs 55 in intra-day trade on Monday. In comparison, the S&P BSE Sensex was down 0.77 per cent at 37,591 points at 11:50 am.
The group rejected the allegations, saying that "loans outstanding as on date from National Housing Bank (NHB) to Indiabulls Housing is zero". Indiabulls Housing, in its history, has never taken any loan or refinancing facility from NHB. The total loan book of Indiabulls Housing is approximately Rs 87,000 crore, it said.
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