SC orders CBI probe into Supertech builder projects in NCR
New Delhi (PTI): Observing an "unholy" nexus between the banks and developers, the Supreme Court on Tuesday directed the CBI to register a preliminary inquiry into projects of realty major Supertech Limited in NCR.
A bench of Justices Surya Kant and N Kotiswar Singh took into account an affidavit filed by CBI and directed the UP, Haryana DGPs to give a list of DSPs, inspector, constables to the agency to constitute a special investigation team (SIT).
The top court further directed the CEOs/administrators of Greater Noida Authority, Noida Authority, secretary, Ministry of Housing and Urban Affairs, the Institute of Chartered Accountants of India and RBI to notify one nodal officer from among their senior-most officers within a week to extend necessary assistance to the SIT.
The apex court previously said thousands of homebuyers were affected by the subvention scheme, where banks paid 60 to 70 per cent of the home loan amount to the builders without projects being completed within the stipulated time.
The apex court had then ordered the CBI to submit a roadmap on how it planned to unravel the "builder-banks nexus" which duped thousands of homebuyers in the NCR and proposed to go into the root of the matter.
The top court was hearing a batch of petition filed by several homebuyers, who booked flats under subvention plans in various housing projects in NCR region especially Noida, Greater Noida and Gurugram, alleging that they were being forced by banks to pay EMIs despite no possession of flats.
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Six arrested in Bengaluru drug racket; narcotics worth Rs 20 crore seized
Bengaluru: Six persons have been arrested for allegedly procuring banned narcotic substances at low prices and selling them for profit, with college students among the buyers, police said on Tuesday.
Police seized 8 kg 58 g of MDMA, 5 kg 700 g of hydro ganja, four mobile phones, and a car used to transport the drugs. The total value of the seized items is estimated at Rs 10.05 crore, while the market value is around Rs 20.10 crore, The Times of India reported.
The arrests followed searches carried out at various locations based on specific intelligence inputs.
Police said information had been received about the sale of banned drugs, including MDMA and hydro ganja, within the limits of Yeshwanthpur and Nandini Layout police stations.
“During these operations, six individuals were detained on different dates, two from other states and four locals,” a statement issued by the office of City Police Commissioner Seemant Kumar Singh said.
“Upon interrogation, the accused confessed that they were purchasing banned drugs such as MDMA and hydro ganja at low prices from unknown inter-state and local suppliers and selling them to the public, with college students among the buyers, for profit,” the statement added.
Police said efforts are underway to identify and trace the suppliers involved in the network.
All six accused have been produced before a court on different dates and remanded to judicial custody, police said.
