The Central Bureau of Investigation (CBI) has submitted a charge sheet in a Special Court in Bengaluru against Ozone Urbana Infra Developers Private Limited and its director for fraudulent activities linked to a housing project. The charges include criminal conspiracy, cheating, and criminal breach of trust. This action is part of the CBI’s investigation into widespread cheating of homebuyers.
The CBI’s probe revealed that the accused company and its director allegedly deceived homebuyers/investors through false assurances, misleading representations, and deceptive promises. This led to financial gains for the accused while causing losses to the victims. The charge sheet has been filed under relevant sections of the Indian Penal Code before the competent Court based on substantial evidence uncovered during the investigation.
The CBI is currently looking into 32 cases directed by the Supreme Court involving builder companies and officials of financial institutions across the country. These cases relate to alleged cheating and diversion of funds affecting homebuyers. The agency has already filed 16 charge sheets against various companies, their directors, and officials of banks and financial institutions. In a statement, the CBI emphasized its commitment to ensuring accountability in cases of economic offences, corruption, and public fraud, especially those impacting the interests of common citizens and homebuyers.
