CBI Files Two Charge Sheets in Homebuyer Fraud Cases
NEW DELHI: The CBI has submitted two chargesheets—one targeting Ithaca Estate Pvt Ltd and the other against LGCL Urban Homes (India) LLP—regarding significant fraud against homebuyers in Bengaluru, officials announced on Tuesday. The central agency has implicated directors of the two companies, as well as officials from HDFC Bank Ltd, ICICI Bank Ltd, and Indiabulls Housing Finance Ltd, in connection with alleged fraudulent activities within a housing project, as stated by a CBI spokesperson. “Both chargesheets have been filed in the designated CBI court in Bengaluru,” the spokesperson added. Investigations suggest that the accused construction firms and their directors, in…