Bengaluru, July 17 (IANS) The Central Bureau of Investigation (CBI) filed a charge sheet in a Special Court in Bengaluru against an infra development firm and its director over fraudulent activities related to a housing project, an official said on Friday. The charge sheet, filed before Additional Chief Judicial Magistrate (CBI cases) at Bengaluru, accused Ozone Urbana Infra Developers Private Limited and its director of offences, including criminal conspiracy, cheating and criminal breach of tr…
Latest Homebuyers News & Updates
New Delhi, July 14 (IANS) In a major development in its ongoing probe into large-scale homebuyer fraud, the Central Bureau of Investigation (CBI) has filed its 16th chargesheet against M/s Saha Infratech Pvt Ltd, its director, and officials of HDFC Bank Ltd and ICICI Bank Ltd for their alleged involvement in fraudulent activities linked to a housing project in Noida, according to an official statement issued on Tuesday.The chargesheet has been filed before the Special Judge for CBI Cases at the …
Bengaluru, July 7 (IANS) The Central Bureau of Investigation (CBI) has filed its 14th and 15th charge sheets in the ongoing investigation into large-scale homebuyers’ fraud, naming two Bengaluru-linked builder companies, their directors, and officials of leading financial institutions for their alleged role in cheating homebuyers, the official statement by the CBI said on Tuesday. The chargesheets have been filed before the respective CBI courts in Bengaluru against Ithaca Estate Pvt Ltd and its…
New Delhi, July 3 (IANS) In a significant development in its ongoing investigation into large-scale fraud involving homebuyers, the Central Bureau of Investigation (CBI) on Friday filed its 13th chargesheet against Rudra Buildwell Projects Pvt. Ltd. and its director in connection with alleged fraudulent activities related to a housing project in Greater Noida. According to the CBI, the investigation revealed that the accused builder company and its director, as part of a criminal conspiracy, all…
New Delhi, June 25 (IANS) The Central Bureau of Investigation (CBI) has filed its 12th charge sheet in a series of cases related to alleged large-scale cheating of homebuyers, naming M/s Decent Buildwell Pvt. Ltd. and its director in connection with a housing project in Greater Noida, an official statement said on Thursday.According to the CBI, the investigation has revealed that the accused company and its director, acting in furtherance of a criminal conspiracy, allegedly lured unsuspecting ho…
New Delhi, June 8 (IANS) In its ongoing probe into alleged large-scale fraud against homebuyers, the Central Bureau of Investigation (CBI) has filed its 11th charge sheet in cases related to alleged cheating, diversion of funds and financial irregularities by real estate developers, an official statement said on Monday.The latest charge sheet has been filed against M/s Ninex Developers Ltd. and one of its Directors in connection with a housing project located in Gurugram, Haryana, the statement …
New Delhi, May 29 (IANS) Intensifying its crackdown in the ongoing investigation into the Noida homebuyers cheating fraud investigation, the Central Bureau of Investigation (CBI) on Friday filed its tenth chargesheet against the builders, under the scanner for alleged cheating and fraud. The investigation agency filed a chargesheet against M/s Shubhkamna Buildtech Pvt. Ltd. and its directors on Friday, in connection with alleged fraudulent activities relating to a housing project in Greater Noid…
New Delhi, May 12 (IANS) The Central Bureau of Investigation (CBI) has unearthed an alleged nexus between a real estate developer and bank officials in a major homebuyers fraud case and filed its eighth charge sheet in connection with the matter, an official statement said on Tuesday.The charge sheet has been filed against M/s Logix City Developers Pvt. Ltd., its Directors, and officials of ICICI Bank and HDFC Bank for their alleged involvement in a criminal conspiracy linked to a housing projec…
New Delhi, April 14 (IANS) The Central Bureau of Investigation (CBI) registered 22 new cases based on the Supreme Court directions against various builders over their alleged nexus with officials of financial institutions and defrauding of homebuyers, an official said on Tuesday. The CBI conducted extensive searches at 77 locations spread across eight states/Union Territories in connection with these 22 cases, an official statement said.The searches were targeted at an alleged nexus between cert…
New Delhi, March 18 (IANS) The Enforcement Directorate (ED) has restored immovable properties worth about Rs 650 crore to 2,312 genuine homebuyers in connection with the money laundering probe against the SRS Group, officials said on Wednesday.The restitution was carried out following an order dated March 11 by the special Prevention of Money Laundering Act (PMLA) court in Gurugram, allowing the return of attached properties to legitimate claimants who had suffered losses due to the alleged frau…