CBI Files Charges Against CHD Developers in Gurugram Housing Scam

New Delhi, May 7: The Central Bureau of Investigation (CBI) has taken significant action in a case linked to a housing project in Gurugram. The agency has filed a chargesheet against CHD Developers Limited and its directors for alleged fraud against homebuyers.

The CBI claims that the builder and its directors engaged in a planned criminal conspiracy. They reportedly misled unsuspecting homebuyers and investors through false assurances and deceptive promises, extracting substantial amounts of money.

The investigation revealed that the accused made enticing claims about the project and assured timely delivery of flats. However, they allegedly defrauded the buyers later on.

According to the CBI, the company and its directors collected funds from investors to gain undue financial benefits, causing economic losses and mental distress to the homebuyers.

The chargesheet has been filed under sections of the Indian Penal Code (IPC) related to criminal conspiracy, fraud, and criminal breach of trust.

This action is part of a broader investigation mandated by the Supreme Court. The CBI is currently probing 50 cases across the country involving various builder companies and unknown officials from financial institutions accused of defrauding homebuyers and misappropriating funds. These cases involve investigations into alleged embezzlement of crores of rupees from investors in multiple projects.

Previously, the CBI has filed chargesheets against several real estate companies and their directors, including Rudra Buildwell Constructions Private Limited, Dream Procon Private Limited, Jaypee Infratech Limited, and AVJ Developers (India) Private Limited. The roles of certain banks and financial institution officials are also under scrutiny.

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