On Supreme Court’s orders, CBI registered 22 FIRs and raided 47 NCR sites in a builder–bank scam. Homebuyers were lured with false promises of “No Pre-EMI till possession”, leaving them cheated and trapped in loans.
Supreme Court allows CBI to register 22 FIRs over alleged fraud by builders and banks under subvention schemes in NCR. The bench termed it an “unholy nexus” causing massive loss to over 1,200 homebuyers.
