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

The federal anti-corruption agency has, so far, registered a total of 50 cases in the matter. Last year, 28 cases were filed against various real estate companies and financial institutions.

“On Tuesday, extensive searches were carried out at 77 locations spread across eight states/Union Territories 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 part of a nationwide crackdown. Searches have resulted in the seizure of incriminating documents, digital devices and other materials, which are being examined,” a CBI spokesperson said.

“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,” the spokesperson added.