The Central Bureau of Investigation (CBI) has submitted its 12th charge sheet concerning alleged large-scale cheating of homebuyers, involving M/s Decent Buildwell Pvt. Ltd. and its director in a Greater Noida housing project. The CBI’s investigation revealed that the company and its director, as part of a criminal conspiracy, deceived homebuyers and investors with false assurances and misleading claims.
Allegedly, the accused company collected funds from buyers without fulfilling commitments, causing losses to the victims and gains for the accused. The CBI has compiled significant evidence during the inquiry and filed the charge sheet in a competent court under relevant sections of the Indian Penal Code, citing criminal conspiracy, cheating, and breach of trust.
The CBI is currently looking into 37 similar cases as directed by the Supreme Court, involving various builder firms and unidentified officials at financial institutions nationwide. These cases revolve around allegations of cheating, fund diversion, and financial irregularities affecting homebuyers.
Previously, the CBI had filed 11 charge sheets against multiple real estate companies and their directors, including Rudra Buildwell Constructions Pvt Ltd, Dream Procon Pvt Ltd, Jaypee Infratech Ltd, and others. The agency reaffirmed its dedication to ensuring accountability in economic offenses, especially those impacting homebuyers and the public.
