The Central Bureau of Investigation has filed its 20th charge sheet in an ongoing probe into alleged large-scale fraud involving homebuyers.
The chargesheet named Noida-based developer Ajnara India Limited, its promoters and directors, and 15 public servants linked to ICICI Bank, HDFC Bank, PNB Housing Finance and Sammaan Capital.
It concerns alleged fraudulent activities connected with the “Ajnara Ambrosia” housing project in Sector 118, Noida. It has been filed before the Special Judge (CBI) at the Rouse Avenue District Courts in New Delhi.
Builder, Promoters Accused of Misleading Homebuyers
According to the CBI, the investigation found that the builder company and its promoters and directors allegedly induced homebuyers and investors through false assurances and misleading representations.
The agency said these alleged representations enabled the accused to obtain financial gains through illegal and deceptive means.
The CBI said it had gathered substantial evidence during the investigation and filed the charge sheet under relevant provisions of the Indian Penal Code and the Prevention of Corruption Act, 1988, relating to criminal conspiracy, cheating and criminal breach of trust.
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Probe Linked to Wider Supreme Court-Directed Investigation
The case is part of a broader investigation launched by the CBI following directions issued by the Supreme Court into alleged diversion of funds and cheating of homebuyers by real estate developers in collusion with officials of financial institutions.
The agency is currently investigating 34 other cases involving various builder companies and unidentified officials of financial institutions across the country in connection with alleged homebuyer fraud and diversion of funds.
The CBI said the present filing is its 20th charge sheet in the wider investigation.
Nineteen Charge Sheets Filed Earlier
The agency said it had previously filed 19 charge sheets against several real estate companies, including Rudra Buildwell Constructions, Dream Procon, Jaypee Infratech, AVJ Developers, CHD Developers, Logix City Developers, Shubhkamna Buildtech, Nine Developers and Earthcon Universal Infratech.
Officials of certain banks and financial institutions were also named in the earlier charge sheets.
The CBI said it would continue pursuing cases involving economic offences, corruption and public fraud that adversely affect the interests of homebuyers and ordinary citizens.
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