New Delhi, July 17 (IANS). The Central Bureau of Investigation (CBI) is investigating cases related to alleged fraud with home buyers across the country. In this sequence, the investigating agency has taken a major action and filed the 17th charge sheet against the builder company M/s Ozone Urbana Infra Developers Private Limited and its director related to the housing project based in Bengaluru. This charge sheet has been presented in the special ACJM (CBI cases) court in Bengaluru.
According to the CBI, investigation has revealed that the accused builder company and its director, as part of a criminal conspiracy, induced a large number of home buyers and investors to invest through attractive promises, false assurances and misleading claims.
The agency alleges that the company gave such information regarding the project, due to which buyers were misled and huge amounts were collected from them. This resulted in economic gains for the company, while investors and home buyers suffered huge financial losses.
Based on the evidence collected during the investigation, the CBI has filed a charge sheet in the court framing charges under sections of the Indian Penal Code (IPC) related to criminal conspiracy, cheating and criminal breach of trust. The agency says that the documents and other evidence available in the case support the allegations.
The CBI said the action is part of its investigation into a large-scale alleged fraud involving home buyers and alleged misuse of funds raised for projects. As part of the cases registered on the directions of the Supreme Court, the agency is also currently investigating 32 other cases against unidentified officials of various builder companies and financial institutions across the country.
Earlier, the CBI had arrested several companies, including Rudra Buildwell Constructions, Dream Procon, Jaypee Infratech, AVJ Developers, CHD Developers, Sequel Buildcon, Logix City Developers, Manju J Homes India, Swachhta Buildtech, Ninx Developers, Decent Buildwell, Rudra Buildwell Projects, Ithaca Estate, LGCL Urban Homes (India) LLP and Saha Infratech Pvt Ltd, their directors and some banks. And a total of 16 charge sheets have been filed against officials of financial institutions.
CBI reiterated that its priority is to ensure accountability of culprits in cases of economic crimes, corruption and fraud with common citizens. The agency says that fair and effective investigation will continue, especially in cases affecting the interests of home buyers, so that justice is provided to the victims and strict adherence to the law is ensured in such cases.
–IANS
SCH/ABM
