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of <h1>Banks and Developers Probed: CBI Launches Comprehensive Investigation into Alleged Fraudulent Real Estate Loan Subvention Scheme</h1> A Supreme Court bench directed the CBI to investigate an alleged fraudulent nexus between banks and developers in multiple cities. The investigation targets a specific real estate company and involves multiple banks, focusing on a subvention scheme where banks disbursed loans to builders before project completion. The court will monitor monthly investigations, involving multiple authorities to assist in uncovering potential financial misconduct affecting homebuyers across several urban regions.
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