CBI files 11th Chargesheet against Builder Company and Directors in the Homebuyers Fraud Case
In another significant development in the ongoing investigation into Major cheating of homebuyers, the Central Bureau of Investigation (CBI) has filed a charge sheet against M/s Ninex Developers Ltd. and its Director in connection with alleged fraudulent activities relating to a housing project situated at Gurugram, Haryana.
Investigation conducted by CBI has revealed that the accused builder company and its Director, in furtherance of a criminal conspiracy, allegedly induced innocent homebuyers/investors through false assurances, misleading representations and deceptive promises, thereby dishonestly obtaining financial gains while causing wrongful loss to the victims.
“The investigation unearthed substantial evidence, and investigators filed the charge sheet before the competent Court under relevant provisions of the Indian Penal Code pertaining to criminal conspiracy, cheating, and criminal breach of trust.”
The CBI is presently investigating 50 cases registered pursuant to the directions of the Hon’ble Supreme Court against various builder companies and unknown officials of financial institutions across the country in matters concerning alleged cheating and diversion of funds involving homebuyers.
Earlier, CBI had filed 10 charge sheets against M/s Rudra Buildwell Constructions Pvt. Ltd., M/s Dream Procon Pvt. Ltd., M/s Jaypee Infratech Ltd., M/s AVJ Developers (India) Pvt. Ltd., M/s CHD Developers Pvt. Ltd., M/s Sequel Buildcon Pvt. Ltd., M/s Logix City Developers Pvt. Ltd., M/s Manju J Homes India Ltd. and M/s Shubhkamna Buildtech Pvt. Ltd. and their Directors and also against the officials of certain banks and financial institutions.
The CBI reiterates its commitment to ensuring accountability in cases involving economic offences, corruption and public fraud, particularly matters adversely impacting the interests of common citizens and homebuyers..
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