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Indian authorities registered 22 FIRs against builders and banks for defrauding homebuyers in a loan scheme.
The CBI has registered 22 FIRs against several builders and banks in the National Capital Region over alleged fraudulent activities in a home loan subvention scheme.
Builders received loans directly from banks but failed to meet their mortgage obligations, leaving homebuyers responsible for repaying loans without receiving their properties.
The investigation involves over 1,000 individuals and 58 projects, with the Supreme Court hearing petitions from over 1,200 affected homebuyers.
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Las autoridades indias registraron 22 FIR contra constructores y bancos por defraudar a compradores de viviendas en un esquema de préstamos.