NEW DELHI: The CBI has filed a charge sheet against Ozone Urbana Infra Developers Pvt Ltd and its director in relation to alleged builder-banker nexus scams, where numerous home buyers were reportedly deceived by exaggerated promises made during the purchase of their apartments, officials announced on Friday.
The CBI submitted its 17th charge sheet regarding the scam before the Special Court in Bengaluru, targeting the builder for “alleged fraudulent activities” connected to a housing project in the city.
A CBI spokesperson stated, “Our investigation has uncovered that the accused builder company and its director engaged in a criminal conspiracy to mislead innocent homebuyers and investors through false assurances and deceptive promises, thereby fraudulently gaining financial benefits while causing losses to the victims.”
The charge sheet invokes sections of the Indian Penal Code addressing criminal conspiracy, cheating, and criminal breach of trust.
The CBI is also investigating an additional 32 cases initiated by the Hon’ble Supreme Court against various builder companies and unidentified officials from financial institutions nationwide, addressing allegations of cheating and fund diversion affecting homebuyers.
