India, April 15 -- The Central Bureau of Investigation (CBI) has registered 22 fresh cases in its ongoing probe into a suspected "unholy nexus" between builders and financial institutions in sanctioning large sums under subvention schemes without due diligence, and conducted raids at 77 locations in eight states on Tuesday, the agency's spokesperson said.

The federal anti-corruption agency has, so far, registered a total of 50 cases in the matter. Last year, 28 cases were filed against various real estate companies and financial institutions.

"On Tuesday, extensive searches were carried out at 77 locations spread across eight states/Union Territories in connection with these 22 cases. They relate to an alleged nexus between certain buil...