Face2News/Mumbai
The Central Bureau of Investigation (CBI) has registered 05 new criminal cases based on the order of the Hon’ble Supreme Court against various builders, 04 cases against Ozone group and its related entities for projects at Bangalore and Mumbai and 01 case against M/s Vivansaa Baalsam for its Bangalore Project and unknown officials of various financial institutions for offences of Criminal conspiracy, Cheating, Criminal breach of trust and criminal misconduct on part of financial institution officials.
Today, i.e., 10.09.2026, searches were carried out at 12 locations of Bengaluru, Mumbai and Pune, in connection with these 05 cases. These 05 cases have been registered against builders of Bengaluru and Mumbai for alleged nexus between builders and officials of financial institutions, leading to the cheating and defrauding of innocent homebuyers.
A large number of homebuyers have approached the Hon’ble Supreme Court praying for relief in the fraudulent activities of the builders affecting their lives for many years.
The action of CBI is aimed at gathering crucial evidence to unravel the larger conspiracy involving alleged diversion of funds, financial irregularities, and fraudulent practices in the housing real estate sector. Searches have resulted in the seizure of incriminating documents, digital devices and other materials, which are being examined.
It may be recalled that the CBI had earlier registered a total number of 50 cases against various builders across India in compliance with the Hon’ble Supreme Court’s directions. With this operation, CBI has registered a total number of 55 cases so far, on the orders of the Hon’ble Supreme Court.
The CBI reiterates its commitment in conducting an expeditious and impartial investigation ensuring accountability in cases involving economic offences and to ensure that those responsible for defrauding the innocent homebuyers by flouting the laws and guidelines are brought to justice.
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