New Delhi: In another significant development in the ongoing investigation into large-scale cheating of homebuyers, the Central Bureau of Investigation (CBI) has filed charge sheet against M/s Saha Infratech Pvt. Ltd. and its Director and officials of HDFC Bank Ltd. and ICICI Bank Ltd. in connection with alleged fraudulent activities relating to a housing project situated at Noida.
The charge sheet has been filed before Spl. Judge, CBI Cases, RADC, New Delhi. Investigation conducted by CBI has revealed that the accused builder company and its Directors, in conspiracy with bank officials and other private persons, allegedly induced homebuyers/investors through false assurances and fraudulent representations and obtained financial benefits by resorting to illegal and deceptive means.
The investigation unearthed substantial evidence and the charge sheet has been filed before the competent Court under relevant provisions of the Indian Penal Code and provisions of Prevention of Corruption Act pertaining to criminal conspiracy, abuse of official position, cheating and criminal breach of trust.
The CBI is presently investigating another 33 cases registered pursuant to the directions of the Supreme Court against various builder companies and unknown officials of financial institutions across the country in matters concerning alleged cheating and diversion of funds involving homebuyers.
The CBI had, so far, filed 15 charge sheets against M/s Rudra Buildwell Constructions Pvt. Ltd., M/s Dream Procon Pvt. Ltd., M/s Jaypee Infratech Ltd., M/s AVJ Developers (India) Pvt. Ltd., M/s CHD Developers Pvt. Ltd., M/s Sequel Buildcon Pvt. Ltd., M/s Logix City Developers Pvt. Ltd., M/s Manju J Homes India Ltd., M/s Shubhkamna Buildtech Pvt. Ltd., M/s Ninex Developers Ltd., M/s Decent Buildwell Pvt. Ltd., M/s Rudra Buildwell Projects Pvt. Ltd., M/s Ithaca Estate Pvt. Ltd. and M/s LGCL Urban Homes (India) LLP and their Directors and also against the officials of certain banks and financial institutions.
