New Delhi, Sep 27: The CBI conducted searches at 12 locations in Kolkata, Bengaluru and Mumbai on Saturday after registering six cases against builders and officials of financial institutions for allegedly cheating and defrauding homebuyers, officials said.

The agency is investigating the nexus of the builders and officials of financial institutions to cheat the homebuyers in Kolkata, Bengaluru and Mumbai on the directions of the Supreme Court, they said.

The homebuyers had approached the Supreme Court after being cheated by the builders and developers and further aggrieved by the coercive action of financial institutions against them, they said.

Observing the unholy nexus between the builders and the financial institutions in cheating the homebuyers by innovating and introducing ‘Subve

See Full Page