CBI files 22 FIRs to probe NCR builder-bank nexus

The CBI has registered 22 FIRs on the Supreme Court's directions to investigate the “unholy nexus” of builders and banks to cheat homebuyers in NCR, officials on Wednesday said.

- Press Trust of India

The CBI has named Jaypee Sports International Ltd, Jai-prakash Associates Ltd, Ajnara India Ltd, Vatika Ltd, Jaypee Infratech Ltd, Supertech and Idea Builders among others in its separate FIRs.

The bankers and financial institutions like the State Bank of India, Indiabulls Housing Finance Ltd, Piramal Finance, HDFC Bank, ICICI Bank, Tata Capital Housing Finance and PNB Housing Finance Ltd among others have also been named in the FIRs registered by the Economic Offences unit of the agency, they said.

The CBI action followed the directives of the apex court bench of justices Surya Kant and N Kotiswar Singh which allowed the agency to convert the six preliminary enquiries it conducted against various builders and banks into 22 regular cases for further investigation.