NEW DELHI: CBI filed 22 fresh FIRs and raided 77 locations across 8 states and UTs on Tuesday in compliance with Supreme Court’s order to investigate an “unholy nexus” between builders and bank officials cheating innocent homebuyers.“These coordinated search operations are part of a nationwide crackdown. Officials seized incriminating documents, digital devices, and other materials,” said a CBI spokesperson.The raids aimed at gathering crucial evidence to unravel the larger conspiracy involving alleged diversion of funds, financial irregularities, and fraudulent practices in the housing real estate sector, an official said.CBI had earlier filed 28 cases against various builders. “Those cases are under final stages of investigation,” the agency said.Early last year, SC had directed CBI to file seven cases against builders in NCR following petitions from over 1000 homebuyers. Later, the court asked the agency to register six more FIRs to investigate real estate projects in Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj.Most of the cases pertain to NCR projects duping homebuyers through “subvention schemes”. The petitioners have alleged that bank officials disbursed loans to builders under the scheme without due diligence as the projects remained on paper only.CBI has filed 22 FIRs and raided 77 locations following SC directions to probe the unholy nexus between builders and bank officials that defrauded homebuyers. Most cases involve NCR projects under subvention schemes, where banks released loans without due diligence for projects that existed only on paper. About the AuthorRaj Shekhar JhaRaj Shekhar Jha is a journalist for the Times of India with over a decade of experience in reporting on national security, terrorism, crime and prisons.End of ArticleFollow Us On Social MediaVideosSamrat Chaudhary Becomes Bihar CM: A Political Journey Marked by Setbacks and ReinventionIran Expresses Confidence In India’s BRICS Presidency Amid West Asia ConflictPM Modi, Donald Trump Hold 40-Min Phone Call, Discuss Strait Of Hormuz, West Asia SituationPak Enters Noida? Stunning Twist To Wage War As Workers Riot In NCR; Yogi Minister Drops BombshellFuel Price Freeze Amid Hormuz Crisis Is Costing Oil Companies Thousands of Crores DailyChina Defends Renaming Places In Arunachal After India Slams Beijing’s ‘Mischievous Attempt’Bihar DY CM Puzzle for JDU, Nishant Kumar Reluctance Complicates NDA MathNitish Kumar Resigns After 20 Years as Bihar CM; BJP Names Samrat Choudhary as SuccessorWomen’s Reservation Bill Explained: How 850-Seat Lok Sabha Plan Promises To Change Indian PoliticsExplained: Supreme Court Backs Right to Vote but Denies Relief to Bengal’s Deleted Voters123PhotostoriesWhy this new rice variety is called ‘Designer Rice’ and how it will impact your protein intake10 free things to do in Noida that are actually worth your timeHow to make Chef Sanjeev Kapoor-style Langarwali Dal6 essential real estate investment strategies for first-time buyers9 unique food etiquette rules from around the worldTop 5 IT hubs in India driving real estate demandArgue without breaking up: 5 simple rules every couple needs to know‘Bhooth Bangla’, ‘Dacoit’ To ‘The Drama’: What to watch in theatres this Week5 things you can bake beyond bread in an OTGIsrael–Lebanon tensions flare again: Inside Hezbollah’s arsenal and Lebanon’s military hand against Israel123Hot PicksIran warStock market holidayPurple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingDelhi-Dehradun ExpresswayStock market holidayBank holiday todayKaty PerryAnna Kepner murderDon TzuPraful HingeIPL Points TableKavya MaranNFL news roundup

NEW DELHI: CBI filed 22 fresh FIRs and raided 77 locations across 8 states and UTs on Tuesday in compliance with Supreme Court’s order to investigate an “unholy nexus” between builders and bank officials cheating innocent homebuyers.“These coordinated search operations are part of a nationwide crackdown. Officials seized incriminating documents, digital devices, and other materials,” said a CBI spokesperson.The raids aimed at gathering crucial evidence to unravel the larger conspiracy involving alleged diversion of funds, financial irregularities, and fraudulent practices in the housing real estate sector, an official said.CBI had earlier filed 28 cases against various builders. “Those cases are under final stages of investigation,” the agency said.Early last year, SC had directed CBI to file seven cases against builders in NCR following petitions from over 1000 homebuyers. Later, the court asked the agency to register six more FIRs to investigate real estate projects in Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj.Most of the cases pertain to NCR projects duping homebuyers through “subvention schemes”. The petitioners have alleged that bank officials disbursed loans to builders under the scheme without due diligence as the projects remained on paper only.CBI has filed 22 FIRs and raided 77 locations following SC directions to probe the unholy nexus between builders and bank officials that defrauded homebuyers. Most cases involve NCR projects under subvention schemes, where banks released loans without due diligence for projects that existed only on paper. About the AuthorRaj Shekhar JhaRaj Shekhar Jha is a journalist for the Times of India with over a decade of experience in reporting on national security, terrorism, crime and prisons.End of ArticleFollow Us On Social MediaVideosSamrat Chaudhary Becomes Bihar CM: A Political Journey Marked by Setbacks and ReinventionIran Expresses Confidence In India’s BRICS Presidency Amid West Asia ConflictPM Modi, Donald Trump Hold 40-Min Phone Call, Discuss Strait Of Hormuz, West Asia SituationPak Enters Noida? Stunning Twist To Wage War As Workers Riot In NCR; Yogi Minister Drops BombshellFuel Price Freeze Amid Hormuz Crisis Is Costing Oil Companies Thousands of Crores DailyChina Defends Renaming Places In Arunachal After India Slams Beijing’s ‘Mischievous Attempt’Bihar DY CM Puzzle for JDU, Nishant Kumar Reluctance Complicates NDA MathNitish Kumar Resigns After 20 Years as Bihar CM; BJP Names Samrat Choudhary as SuccessorWomen’s Reservation Bill Explained: How 850-Seat Lok Sabha Plan Promises To Change Indian PoliticsExplained: Supreme Court Backs Right to Vote but Denies Relief to Bengal’s Deleted Voters123PhotostoriesWhy this new rice variety is called ‘Designer Rice’ and how it will impact your protein intake10 free things to do in Noida that are actually worth your timeHow to make Chef Sanjeev Kapoor-style Langarwali Dal6 essential real estate investment strategies for first-time buyers9 unique food etiquette rules from around the worldTop 5 IT hubs in India driving real estate demandArgue without breaking up: 5 simple rules every couple needs to know‘Bhooth Bangla’, ‘Dacoit’ To ‘The Drama’: What to watch in theatres this Week5 things you can bake beyond bread in an OTGIsrael–Lebanon tensions flare again: Inside Hezbollah’s arsenal and Lebanon’s military hand against Israel123Hot PicksIran warStock market holidayPurple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingDelhi-Dehradun ExpresswayStock market holidayBank holiday todayKaty PerryAnna Kepner murderDon TzuPraful HingeIPL Points TableKavya MaranNFL news roundup


CBI files 22 new FIRs against builders, raids 77 locations across 8 states

NEW DELHI: CBI filed 22 fresh FIRs and raided 77 locations across 8 states and UTs on Tuesday in compliance with Supreme Court’s order to investigate an “unholy nexus” between builders and bank officials cheating innocent homebuyers.“These coordinated search operations are part of a nationwide crackdown. Officials seized incriminating documents, digital devices, and other materials,” said a CBI spokesperson.The raids aimed at gathering crucial evidence to unravel the larger conspiracy involving alleged diversion of funds, financial irregularities, and fraudulent practices in the housing real estate sector, an official said.CBI had earlier filed 28 cases against various builders. “Those cases are under final stages of investigation,” the agency said.Early last year, SC had directed CBI to file seven cases against builders in NCR following petitions from over 1000 homebuyers. Later, the court asked the agency to register six more FIRs to investigate real estate projects in Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj.Most of the cases pertain to NCR projects duping homebuyers through “subvention schemes”. The petitioners have alleged that bank officials disbursed loans to builders under the scheme without due diligence as the projects remained on paper only.CBI has filed 22 FIRs and raided 77 locations following SC directions to probe the unholy nexus between builders and bank officials that defrauded homebuyers. Most cases involve NCR projects under subvention schemes, where banks released loans without due diligence for projects that existed only on paper.



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