NEW DELHI: The Central Bureau of Investigation (CBI) has submitted a fifth chargesheet in connection with the builder-banker nexus involving CHD Developers Ltd and its directors for alleged fraudulent activities linked to a project in Gurugram, as reported by officials on Thursday.
The CBI, assigned these cases by the Supreme Court, detailed in its report to the court that the company used misleading representations and deceptive promises to attract “innocent homebuyers and investors,” ultimately resulting in considerable financial gains while inflicting wrongful losses.
“The charge sheet has been filed before the appropriate court under the relevant sections of the Indian Penal Code concerning criminal conspiracy, cheating, and breach of trust,” stated a CBI spokesperson.
The CBI is actively investigating 50 cases initiated by the Supreme Court against various builder companies and unidentified officials from financial institutions across the nation, regarding allegations of fraud and funds diversion involving homebuyers, as mentioned in the statement.
