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CBI action on nexus between builders and bank officers: Supreme Court gives green signal

Case details: On July 22, 2025, the Supreme Court allowed the CBI to register 22 cases against real estate companies and bank officials in Delhi-NCR, who were allegedly cheating home buyers by luring them into a loan trap. A petition filed in the court said that some real estate companies, in collusion with banks, provide loans to buyers for their projects, which are never completed. As a result, common citizens are burdened with debts, while builders and banks together gobble up the money looted from them. A bench of the Supreme Court, headed by Justice Surya Kant and Justice N. Koteshwar Singh, expressed satisfaction with the CBI's initial investigation and granted it six more weeks to complete the investigation. The court also directed the CBI to approach the court at any time if it encounters any hurdle during the investigation. CBI report and action: The CBI told the court that it has prepared to register 22 cases in Delhi-NCR, while investigations are also underway against builders in other cities. Additional Solicitor General Aishwarya Bhati told the court that the CBI has so far inspected more than 58 properties and questioned more than 1,000 witnesses. The CBI’s confidential report, which the court described as “eye-opening”, has exposed the deep network of corruption. The report revealed that builders and bank officials conspired to deliberately leave projects incomplete and siphon off loan money. This not only caused financial losses to the buyers but also shattered their dreams of owning a house. An ex-post said: “After the green signal from the Supreme Court, the CBI will tighten its grip on builders and bank officials. Those who are playing with the dreams of common citizens will now have to face justice.” Legal and social implications: This decision of the Supreme Court has sent a strong message against corruption in the real estate sector. Experts say that this action will play an important role in stopping the nexus between builders and bank officers not only in Delhi-NCR but also in other parts of the country. The court has directed the C. The CBI has been given complete freedom to get to the bottom of the matter and take strict action against all those involved. Justice Surya Kant said in his remarks: “This matter is related to the trust of the common citizens and their financial security. It is the responsibility of the CBI to completely expose this network of corruption.” Source: Aaj Tak: The Hindu: Indian Express: Times of India: X-Posts: