The Central Bureau of Investigation (CBI) carries out raids at 12 locations in Bengaluru, Mumbai and Pune as part of its investigation into an alleged builder–financial institution nexus. The searches are linked to five criminal cases registered under offences including criminal conspiracy, cheating and criminal breach of trust, connected to housing projects and alleged misconduct involving financial institution officials.
The CBI action follows an order of the Supreme Court. Multiple sources describe that four cases relate to one builder’s group and connected entities for projects in Bengaluru and Mumbai, while a separate case targets another builder’s Bengaluru project and unnamed officials of financial institutions. The investigations focus on alleged diversion of funds, financial irregularities and practices that homebuyers say have caused long-running hardship.
While the outlets broadly agree on the number of locations raided, the jurisdictions covered and the nature of the allegations, they differ mainly in emphasis—some foreground the Supreme Court trigger and the case count, while others stress the homebuyers’ role in prompting legal action and the types of evidence reportedly seized, such as documents and digital devices, for further examination.
