CBI Files Fresh Chargesheet Against Builder
New Delhi: The Central Bureau of Investigation (CBI) has filed its 11th chargesheet in an ongoing nationwide probe into alleged fraud involving homebuyers, marking another major step in its investigation into large-scale real estate irregularities.
CBI Files 11th Chargesheet: Key Details
In its latest action, the CBI has named M/s Ninex Developers Ltd. and its director in connection with alleged fraudulent activities linked to a housing project in Gurugram, Haryana. The case relates to accusations of cheating homebuyers and misusing investor funds through false promises.
According to the agency, the accused builder and its officials allegedly conspired to induce homebuyers and investors by making misleading representations about the housing project. The investigation suggests that these assurances were used to collect funds from unsuspecting buyers, resulting in financial losses to them.
The CBI stated that substantial evidence has been collected during the investigation, forming the basis of the chargesheet filed before the competent court under provisions relating to criminal conspiracy, cheating, and criminal breach of trust.
The agency is currently handling around 50 cases registered under the directions of the Supreme Court, involving multiple real estate companies and financial institutions across the country. These cases pertain to alleged cheating, diversion of funds, and irregularities affecting thousands of homebuyers.
Earlier, the CBI had filed 10 chargesheets against several real estate developers, including M/s Jaypee Infratech Ltd., M/s Dream Procon Pvt. Ltd., M/s AVJ Developers (India) Pvt. Ltd., M/s CHD Developers Pvt. Ltd., and others, along with officials of certain banks and financial institutions.
Real Estate Developers in CBI Chargesheets:
Reaffirming its stance, the CBI said it remains committed to addressing economic offences and ensuring accountability in cases involving public money and homebuyer interests. The agency emphasized that its focus remains on protecting citizens affected by alleged large-scale financial frauds in the real estate sector.
