๐๏ธ SC orders CBI probe fast-track on builder-bank fraud
The Supreme Court has issued strict directions regarding the builder-bank fraud nexus in housing projects. The court directed seven States to give the CBI extra police officers within 10 days for the investigation. So far, CBI has registered 50 FIRs, and 34 prosecution sanctions are pending from various banks. The SC also told banks to quickly process Section 19 sanction requests for involved officials within two weeks. The investigation covers allegations against multiple groups like Ozone Group and Vivansaa. ๐ง