The Central Bureau of Investigation (CBI) on Saturday carried out searches at 12 locations across Kolkata, Bengaluru and Mumbai after registering six new cases against builders and officials of financial institutions accused of cheating homebuyers, officials told PTI.

The fresh action, which includes the seizure of documents and digital records, comes on the back of Supreme Court directions to investigate a suspected nexus between developers and lenders that allegedly exploited unsuspecting buyers through controversial home loan schemes.

Which companies are under the scanner

According to the FIRs, the companies booked include:

Bengaluru-based Ithaca Estate Pvt. Ltd, LGCL Urban Homes, and Ozone Urbana Infra Developers Pvt. Ltd

Mumbai-based Shashwati Realty Pvt. Ltd (with projects in Be

See Full Page