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    <title>SC orders CBI probe after report claims fraud on homebuyers via &#039;builders-banks nexus&#039;</title>
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    <description>Supreme Court directed the CBI to register seven preliminary enquiries and form a Special Investigation Team into an alleged builders banks nexus that advanced large loans under subvention schemes, after defaults led banks to demand EMIs from homebuyers. The court required state police to provide personnel and directed regulatory and administrative bodies to nominate nodal officers to assist the SIT, while imposing monthly judicial monitoring of the investigation.</description>
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