CBI acts on SC orders, registers 22 FIRs against NCR builders cheating homebuyers through loan scams

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In a major crackdown on real estate fraud in the National Capital Region (NCR), the Central Bureau of Investigation (CBI) has registered 22 cases against various builders and unknown officials of financial institutions, following directions from the Supreme Court. The cases relate to large-scale cheating of thousands of homebuyers under the now-controversial subvention loan schemes.