The Central Bureau of Investigation has received green signal from the Supreme Court to file 22 cases involving the nexus between the banks and developers to dupe homebuyers in National Capital region. The cases can involve prominent builders in the zone. The agency has also sought more time to investigate builders of other cities. Additional Solicitor General Aishwarya Bhati, appearing for CBI, told the bench of Justices Suryakant and N Koteshwar Singh that more time is needed to complete the investigation. The bench gave it six weeks, expressing satisfaction over the investigation done by CBI. The court was hearing a batch of petitions filed by over 1,200 homebuyers, who booked flats under subvention plans in various housing projects in the NCR. They have alleged that the banks are forcing them to pay EMIs even though they have not received possession of flats. Under the subvention scheme, banks disburse the sanctioned amount directly to the accounts of builders. They pay EMIs unt...
Former Bengaluru Police Commissioner Bhaskar Rao, who is the Chairman of Aam Aadmi Party's (AAP) Manifesto Committee, is likely to join the BJP ahead of the Assembly polls in Karnataka, sources close to him and the party said on Tuesday. The former IPS officer today met state's Revenue Minister R Ashoka and held discussions. He is also said to have met Tamil Nadu BJP President K Annamalai, a former IPS officer and party's co-in-charge for Karnataka polls, and Union Minister Pralhad Joshi, sources said, adding that he will be joining the party soon. Mr Rao, who resigned from the IPS, had joined AAP in April last year, and was recently appointed as the party's Manifesto Committee's Chairman, and had emerged as one of the prominent faces of the party in the state. Mr Rao, who was even seen as AAP's probable candidate from the Basavanagudi Assembly constituency, is said to have quit the party due to his reported not so good equations with certain leaders especia...