Pramesh S Jain
The Central Bureau of Investigation (CBI) has filed its 17th chargesheet in the ongoing homebuyers fraud investigation, naming M/s Ozone Urbana Infra Developers Pvt. Ltd,and one of its directors for allegedly cheating homebuyers in connection with a housing project in Bengaluru.
The chargesheet was filed before the Additional Chief Judicial Magistrate (CBI Cases),Bengaluru.
According to the CBI,the builder company and its director allegedly entered into a criminal conspiracy to lure homebuyers and investors with false assurances, misleading representations and deceptive promises, dishonestly obtaining financial gains while causing wrongful losses to buyers.
The investigation has found substantial evidence, following which the agency has invoked provisions of the Indian Penal Code relating to criminal conspiracy, cheating and criminal breach of trust.
The CBI is currently investigating 32 other cases registered on the directions of the Supreme Court against various real estate companies and unidentified officials of banks and financial institutions over alleged diversion of funds and cheating of homebuyers across the country.
With the latest filing,the CBI has now submitted 17 chargesheets in the Supreme Court-monitored homebuyers fraud cases against multiple builder firms, their directors, and officials of certain banks and financial institutions.
