CBI files 17th chargesheet against builder in Bengaluru home buyers fraud case
The Central Bureau of Investigation (CBI) has filed its 17th chargesheet in the ongoing home buyers fraud investigation, naming Ozone Urbana Infra Developers Pvt. Ltd
The Central Bureau of Investigation (CBI) has filed its 17th chargesheet in the ongoing home buyers fraud investigation, naming Ozone Urbana Infra Developers Pvt. Ltd. and one of its directors, for allegedly cheating home buyers in connection with a housing project in Bengaluru. The chargesheet was filed before the Additional Chief Judicial Magistrate (CBI Cases), Bengaluru.
According to the CBI, the builder company and its director allegedly entered into a criminal conspiracy to lure home buyers and investors with false assurances, misleading representations and deceptive promises, dishonestly obtaining financial gains while causing losses to buyers. The investigation has found substantial evidence, the agency claimed, while invoking provisions of the Indian Penal Code relating to criminal conspiracy, cheating and criminal breach of trust.
The CBI is currently investigating 32 other cases registered on the directions of the Supreme Court against various real estate companies and unidentified officials of banks and financial institutions over alleged diversion of funds and cheating of
home buyers across the country. With the latest filing, the CBI has now submitted 17 chargesheets in the Supreme Court-monitored home buyers fraud cases against multiple builder firms, their directors, and officials of certain banks and financial institutions.
The BriefWire