Supreme Court: Settling Few Cases Will Not Halt CBI Probe Against Defaulting Realtors

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The Supreme Court has made clear that CBI investigations into defaulting real estate developers will continue unimpeded. Builders cannot avoid scrutiny by settling disputes with only a select number of homebuyers. Investigations have revealed that several bank officials colluded with these developers, adding a financial misconduct dimension to the cases. The CBI has so far completed probes in 18 of the 50 registered cases. The court has directed banks to grant prosecution sanctions against accused officials within two weeks.

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