The Central Bureau of Investigation (CB) has registered 22 new cases based on Hon'ble Supreme Court directions against various builders.

Today, extensive searches were carried out at 77 locations spread across 8 states / UT’s in connection with these 22 cases. They relate to an alleged nexus between certain builders and officials of financial institutions, leading to the cheating and defrauding of innocent homebuyers.

These coordinated search operations conducted across different states are as part of a nationwide crackdown. Searches have resulted in the seizure of incriminating documents, digital devices and other materials, which are being examined.

The action is 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.

It may be recalled that the CBI had earlier registered 28 cases against various builders in compliance with the Hon’ble Supreme Court’s directions. They are under final stages of investigation. With this CBI has registered a total of 50 cases so far, after Hon'ble Supreme Court directions.

CBI reiterates its commitment in conducting a fair, impartial, and expeditious investigation to ensure that those responsible are brought to justice and safeguard the interests of affected homebuyers.

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