CBI FILES 22ND CHARGESHEET AGAINST BUILDER COMPANY AND ITS PROMOTER IN THE HOMEBUYERS FRAUD CASES

Face2News/Greater Noida

In another significant development in the ongoing investigation into large-scale cheating of homebuyers, the Central Bureau of Investigation (CBI) has filed a chargesheet against M/s Geotech Promoters Pvt. Ltd and its Promoter/director Raushan Prakash, in connection with alleged fraudulent activities relating to the housing project “Geotech Blessings” located at Plot No. GH-16A, Sector-1, Greater Noida (West), Gautam Buddha Nagar, Uttar Pradesh, 201301.

Investigation conducted by the CBI has revealed that the accused Builder Company and its Promoter/Director allegedly induced homebuyers through false assurance and fraudulent representation and obtained financial benefits by resorting to illegal and deceptive means.

The investigation unearthed substantial evidence and the chargesheet has been filed before the competent Court under relevant provisions of Indian Penal Code pertaining to criminal conspiracy, cheating, and criminal breach of trust.

The CBI is presently investigating other 30 cases registered pursuant to the directions of the Hon’ble 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 has so far filed 21 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., M/s LGCL Urban Homes (India) LLP, M/s Saha Infratech Pvt. Ltd., M/s MKHS Housing LLP, M/s Ozone Urbana Infra Developers Pvt. Ltd., M/s Earthcon Universal Infratech Pvt. Ltd., M/s Ajnara India Ltd., and M/s Acme Realities Private Ltd. and also against the officials of certain banks and financial institutions.

The CBI reiterates its commitment to ensuring accountability in cases involving economic offences, corruption and public fraud, particularly matters adversely impacting the interests of common citizens and homebuyers.