Gurugram: The CBI filed a fifth chargesheet against CHD Developers and its directors in connection with alleged cheating of homebuyers and fraudulent activities relating to a housing project in Gurugram, an official said on Thursday.
The chargesheet was filed before the competent Court under relevant provisions of the Indian Penal Code pertaining to criminal conspiracy, cheating and criminal breach of trust, said a CBI statement.
The investigation conducted by the CBI revealed that the accused builder company and its directors, in furtherance of a criminal conspiracy, allegedly induced innocent homebuyers/investors through false assurances, misleading representations and deceptive promises, thereby dishonestly obtaining financial gains while causing wrongful loss to the victims, said the statement.
The CBI is presently investigating 50 cases registered pursuant to the directions of the 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, it said.
Earlier, the CBI had filed four charge sheets in similar cases against Rudra Buildwell Constructions and its directors, Dream Procon and its directors, Jaypee Infratech and its directors, and AVJ Developers (India) and its directors, along with officials of certain banks and financial institutions, said the statement.
A CBI official said the investigation in a similar case had yielded substantial documentary and oral evidence pointing to a larger conspiracy involving misuse of official positions, diversion of funds and fraudulent dealings with homebuyers.
The official said that some bank officials abused their positions to facilitate these irregularities, bypassing established banking norms and procedures. This, the agency said, resulted in undue pecuniary benefits to the builder companies while causing corresponding losses to financial institutions and genuine homebuyers.
The probe also uncovered the role of proxy or fictitious homebuyers, who allegedly acted in connivance with the builders. These individuals reportedly misrepresented facts before banks to obtain home loans, enabling the diversion of funds.
The federal probe agency said that it remains committed to ensuring accountability in cases involving economic offences, corruption and public fraud, particularly those adversely affecting the interests of common citizens and homebuyers.
(IANS)
