NEW DELHI: The CBI has filed its 16th chargesheet in an ongoing investigation into alleged large-scale fraud cases involving homebuyers. This chargesheet accuses a Noida-based real estate firm and officials from two private banks of conspiring to defraud buyers and investors.
The chargesheet has been presented before the Special Judge for CBI cases at Rouse Avenue District Court in New Delhi, as stated by officials.
The CBI has charged “Saha Infratech Pvt. Ltd., its director, and officials from HDFC Bank Ltd. and ICICI Bank Ltd.” in connection with alleged fraudulent activities related to a housing project in Noida.
The investigation revealed that the builder and its directors, along with bank officials and other private individuals, allegedly deceived homebuyers and investors through false assurances, obtaining financial benefits through illegal means, according to the agency.
The CBI has gathered substantial evidence during the investigation and filed the chargesheet under relevant provisions of the Indian Penal Code and the Prevention of Corruption Act, citing “criminal conspiracy, abuse of official position, cheating, and criminal breach of trust.”
Currently, the CBI is investigating another 33 cases ordered by the Supreme Court against various builders and unidentified officials of financial institutions concerning alleged cheating and misappropriation of funds related to homebuyers.
Previous chargesheets have implicated several builder companies, including Rudra Buildwell Constructions Pvt. Ltd., Dream Procon Pvt. Ltd., and Jaypee Infratech Ltd., along with their directors and certain bank officials.
