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LIC HF

CEO of LIC Housing Finance Ramachandran Nair(R) being produced in a court after his arrest by the CBI in connection with home loan scam in Mumbai.

PTI Photo/Santosh Hirlekar

People walk past a billboard for the Life Insurance Corporation of India (LIC) outside the company's office in New Delhi. Eight senior officials from some of India's top financial services companies, including LIC, were arrested on Wednesday in an alleged bribery scam, the government said, as an anti-corruption crackdown gathers steam.

AP Photo/Kevin Frayer

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