CBI Searches 12 Locations In Mumbai, Pune, Bengaluru Over Alleged Builder-Financial Institution Nexus
Mumbai, September 10, 2026: The Central Bureau of Investigation (CBI) has registered five criminal cases based on the order of the Supreme Court against two separate builders. Four cases against a builder's group and its related entities for projects at Bengaluru and Mumbai and one case against another builder for its Bengaluru project and unknown officials of various financial institutions for…
Mumbai, September 10, 2026 - The Central Bureau of Investigation (CBI) has initiated searches at 12 locations across Bengaluru, Mumbai and Pune, as part of an investigation into alleged ties between builders and officials of financial institutions. The probe stems from five criminal cases registered against two builders and their related entities for projects in Bengaluru and Mumbai, and one case against a builder for his Bengaluru project and undisclosed officials of financial institutions.
The charges include criminal conspiracy, cheating, criminal breach of trust and criminal misconduct against officials of the financial institutions. The CBI aims to gather evidence related to fund diversion, financial irregularities, and fraudulent practices in the housing sector. Searches have led to the seizure of documents, devices and other materials related to the suspected activities.
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