NEW DELHI: The Central Bureau of Investigation (CBI) has charged real estate company Ninex Developers Ltd and its director for alleged fraud in a housing project based in Gurugram, according to official reports released on Monday.
This marks the CBI’s 11th report related to builder-banker collusion, where numerous homeowners have been misled by false assurances.
According to the charge sheet, the director of Ninex Developers purportedly deceived homebuyers and investors with misleading claims, profiting at their expense.
The Supreme Court, on April 29, 2025, directed the CBI to initiate several preliminary inquiries into builders in the National Capital Region (NCR), transferring the builders-financial institutions case to them.
Later that year, the court instructed the CBI to file FIRs in instances where homebuyers were defrauded under the subvention scheme.
The CBI spokesperson stated, “The agency is currently examining 50 cases prompted by the Supreme Court’s directives against various construction companies and unknown officials from financial institutions nationwide for alleged fraud and fund misappropriation involving homebuyers.”
Previously, the agency has filed charge sheets against companies such as Rudra Buildwell Constructions Pvt Ltd, Dream Procon Pvt Ltd, and Jaypee Infratech Ltd, among others, along with their directors, and several officials from specific banks and financial institutions, according to the statement.
