New Delhi, September 10 (Daily Kiran) : The Central Bureau of Investigation (CBI) has initiated a significant operation following a Supreme Court directive, filing five new criminal cases against various builders. Four of these cases involve the Ozone Group and its affiliates, focusing on projects in Bengaluru and Mumbai. The fifth case targets Vivansha Balsam related to a project in Bengaluru.
Additionally, the CBI has filed charges against unidentified officials from various financial institutions, accusing them of criminal conspiracy, fraud, breach of trust, and misconduct.
On Thursday, the CBI conducted searches at 12 locations across Bengaluru, Mumbai, and Pune as part of these investigations. The allegations suggest collusion between builders and financial institution officials, resulting in fraudulent activities that have harmed innocent homebuyers.
Many homebuyers have approached the Supreme Court seeking relief from the fraudulent practices of builders, which have adversely affected their lives for several years.
The CBI aims to gather crucial evidence to uncover a broader conspiracy involving the misuse of funds in the housing real estate sector, financial irregularities, and fraud. During the raids, officials seized objectionable documents, digital devices, and other materials for further examination.
Previously, the CBI had registered a total of 50 cases against various builders across the country, following Supreme Court directives. With this latest operation, the agency has now filed a total of 55 cases in compliance with the court’s orders.
The CBI reaffirms its commitment to ensuring accountability in economic crime investigations, emphasizing its dedication to a swift and impartial inquiry. It aims to bring to justice those who defraud innocent homebuyers by violating laws and regulations.
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