Gurugram: The Central Bureau of Investigation (CBI) has filed its fifth chargesheet in an ongoing large-scale investigation into alleged fraud involving homebuyers. The latest chargesheet has been filed against M/s CHD Developers Ltd. and its directors in connection with a housing project located in Gurugram, Haryana.
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Builder Accused of Misleading Homebuyers
According to the CBI, the case involves serious allegations of criminal conspiracy, cheating, and criminal breach of trust under relevant provisions of the Indian Penal Code. The agency stated that the accused builder company and its directors allegedly induced innocent homebuyers and investors through false assurances, misleading representations, and deceptive promises related to the housing project.
The investigation has revealed that funds were allegedly collected from homebuyers on the basis of promised project timelines and commitments, which were not fulfilled. As per the findings, the accused are suspected of having dishonestly gained financial benefits while causing wrongful loss to multiple victims who invested in the project.
The chargesheet has been filed before the competent court as part of the ongoing legal process. The CBI has reiterated that the matter is being pursued under provisions dealing with organized economic offences, particularly those affecting public trust and financial security of citizens.
Supreme Court-Directed Probe Covers 50 Cases
This case is part of a broader investigation being conducted by the CBI into 50 separate cases registered on the directions of the Supreme Court. These cases involve multiple builder companies across the country along with unidentified officials from financial institutions. The investigations focus on allegations of cheating, diversion of funds, and misuse of financial mechanisms affecting homebuyers.
Earlier, the agency had already filed four chargesheets in similar matters against multiple real estate developers, including M/s Rudra Buildwell Constructions Pvt. Ltd., M/s Dream Procon Pvt. Ltd., M/s Jaypee Infratech Ltd., and M/s AVJ Developers (India) Pvt. Ltd. In those cases, directors of the companies, along with officials from certain banks and financial institutions, were also named as accused.
Officials stated that the investigation is still ongoing and additional evidence is being examined to determine the full extent of the alleged fraud and financial irregularities. The agency is also analyzing transaction records, project approvals, and fund flow patterns to identify possible diversion or misuse of invested money.
Fund Flow and Financial Trails Under Scanner
The CBI noted that the pattern observed across multiple cases indicates a systematic issue involving delayed or incomplete housing projects, where buyers were allegedly misled at the time of investment. The agency is examining whether similar operational structures were used across different builder groups to mislead investors and collect funds.
Authorities further stated that forensic analysis of financial records and communication trails is underway. The objective is to establish accountability not only at the corporate level but also among individuals and institutions that may have facilitated the alleged irregularities.
Officials also indicated that more chargesheets may follow as the investigation progresses and additional evidence is compiled. The agency is continuing to coordinate with relevant regulatory and financial authorities to strengthen the case and trace the flow of funds involved in the alleged fraud.
