The Central Bureau of Investigation (CBI) on Monday informed that it had filed its 11th chargesheet as part of its Supreme Court-mandated nationwide probe into alleged fraud committed with homebuyers, this time naming Gurgaon-based realty group Ninex Developers and one of its directors.
Chargesheet Filed in Rouse Avenue Court
This chargesheet was filed before the special CBI magistrate in Rouse Avenue Courts of New Delhi, an official said. According to the agency, the company and its director were found to have conspired to lure homebuyers and investors through false assurances, misleading representations, and deceptive promises.
Allegations of Fraud and Criminal Conspiracy
The accused allegedly collected funds from buyers while failing to honour commitments, causing wrongful losses to investors and unlawful gains for themselves, according to the chargesheet. The CBI said its probe uncovered substantial evidence pointing to criminal conspiracy, cheating, and criminal breach of trust.
Part of Larger Nationwide Investigation
The case forms part of a larger nationwide investigation being carried out by the agency following directions of the Supreme Court. The CBI is probing 50 cases against real estate developers and unidentified officials of banks and financial institutions over allegations of cheating homebuyers and diversion of funds collected for housing projects.
So far, the number of chargesheets submitted by the agency in such cases has risen to 11. The investigation continues as the CBI seeks to bring justice to affected homebuyers across the country.
