New Delhi, May 8 (IANS) The Central Bureau of Investigation (CBI) filed a charge-sheet against a private realty firm, Shubhkamna Buildtech, and its directors for allegedly cheating homebuyers in a housing project located in Noida, Uttar Pradesh, the agency said on Friday.The probe revealed that the accused company and its directors entered into a criminal conspiracy to induce investors through false assurances and deceptive promises.According to CBI officials, the firm obtained dishonest financi…
Latest Jaypee Infratech Ltd News & Updates
New Delhi, May 6 (IANS) The Central Bureau of Investigation (CBI) has filed a chargesheet in a major homebuyers fraud case, unearthing an alleged nexus between builders, bank officials and proxy buyers that led to significant financial losses for both financial institutions and innocent homebuyers.According to CBI, the chargesheet has been filed against M/s AVJ Developers (India) Pvt Ltd, M/s AVJ Developers Pvt Ltd, M/s Kesar Builders Pvt Ltd, their Directors, and certain bank officials associat…
New Delhi, Jan 7 (IANS) The Directorate of Enforcement’s (ED) Delhi Zonal Office has provisionally attached immovable assets worth approximately Rs 400 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money laundering probe against the Jaypee Group, an official statement said on Wednesday. The attached properties belong to M/s Jaiprakash Sewa Sanstha and M/s Page 3 Buildtech Private Limited. The action is part of an ongoing investigation int…