India, April 29 -- The Supreme Court on Monday directed the Central Bureau of Investigation (CBI) to register seven preliminary enquiries to probe the nexus between builders and banks under subvention schemes.

The federal agency will investigate several Supertech projects and the roles of banks which have provided loans for these housing projects in the national capital region (NCR) and other states.

One of the preliminary enquiry is to probe Supertech projects and the role of banks that have loaned over Rs.5,000 crore under the subvention scheme for its multiple housing projects.

Meanwhile, another enquiry will be registered to look into the projects of builders that fall outside of the NCR range.

The remaining five preliminary enqui...