Housing scam: SC stays Bombay HC order for FIRs against MHADA officials

 The Supreme Court on Wednesday stayed the Bombay High Court order for lodging of FIRs against some developers and the officials of Maharashtra Housing & Area Development Authority (MHADA) in the Rs 40,000-crore housing scam.

The MHADA officials are accused of allowing real estate companies to use surplus area for redevelopment of old dilapidated buildings that allegedly led to a loss of Rs 40,000 crore to the Maharashtra government.IANS