CBI Files 17th Chargesheet in Bengaluru Home Buyers Fraud Case
The Central Bureau of Investigation (CBI) has filed its 17th chargesheet in the ongoing investigation into home buyers fraud, naming Ozone Urbana Infra Developers Pvt. Ltd. and one of its directors for allegedly cheating home buyers in a housing project in Bengaluru.
The chargesheet was filed before the Additional Chief Judicial Magistrate (CBI Cases), Bengaluru. The agency alleges that the builder company and its director entered into a criminal conspiracy to lure home buyers and investors with false assurances, misleading representations, and deceptive promises, dishonestly obtaining financial gains while causing losses to buyers.
The CBI claims to have found substantial evidence during the investigation, invoking provisions of the Indian Penal Code related to criminal conspiracy, cheating, and criminal breach of trust.
This case is part of a larger Supreme Court-monitored investigation into alleged diversion of funds and cheating of home buyers across the country. The CBI is currently investigating 32 other cases registered on the directions of the Supreme Court against various real estate companies and unidentified officials of banks and financial institutions.
With this latest filing, the CBI has now submitted 17 chargesheets in the Supreme Court-monitored home buyers fraud cases against multiple builder firms, their directors, and officials of certain banks and financial institutions.
