New Delhi, July 17: The Central Bureau of Investigation (CBI) has taken significant action in an ongoing investigation into large-scale fraud against home buyers. The agency has filed a chargesheet against Ozone Urbana Infra Developers Private Limited and its director concerning alleged fraudulent activities related to a housing project in Bengaluru. This chargesheet has been submitted to the ACJM (CBI cases) court in Bengaluru.
The CBI’s investigation revealed that the accused builder and its director allegedly deceived unsuspecting home buyers and investors through false assurances, misleading statements, and fraudulent promises. This led to illicit financial gains for the perpetrators while causing wrongful harm to the victims.
The investigation has uncovered substantial evidence, prompting the CBI to file charges under relevant sections of the Indian Penal Code, including criminal conspiracy, fraud, and criminal breach of trust.
Currently, the CBI is investigating 32 other cases related to alleged fraud and embezzlement involving home buyers, as directed by the Supreme Court. These cases involve various builder companies and unidentified officials from financial institutions across the country.
So far, the CBI has filed charges against several companies, including Rudra Buildwell Constructions Private Limited, Dream Procon Private Limited, Jaypee Infratech Limited, AVJ Developers (India) Private Limited, and others, along with their directors and officials from certain banks and financial institutions.
The CBI reaffirms its commitment to ensuring accountability in cases related to economic crimes, corruption, and public fraud, especially those adversely affecting the interests of ordinary citizens and home buyers.
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