CBI files chargesheet against Shubhkamna Buildtech Private Limited, directors in cheating case
The CBI has filed a chargesheet against Shubhkamna Buildtech Private Limited and its directors for alleged fraudulent activities related to a housing project in Greater Noida. This action is part of a broader investigation into 50 cases involving builder companies and financial institutions, following a Supreme Court directive. The charges include criminal conspiracy, cheating, and criminal breach of trust, with substantial evidence gathered against the accused.
- ▪The CBI is investigating 50 cases of alleged fraud involving builder companies and financial institutions.
- ▪Shubhkamna Buildtech and its directors are accused of misleading homebuyers and investors.
- ▪The chargesheet includes allegations of criminal conspiracy, cheating, and criminal breach of trust.
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The Central Bureau of Investigation (CBI) has filed a charge sheet against Shubhkamna Buildtech Private Limited and its directors in connection with alleged fraudulent activities relating to a housing project in Uttar Pradesh’s Greater Noida.The agency is probing 50 such cases registered on the Supreme Court’s directive to look into the alleged nexus between various builder companies and unknown officials of financial institutions across the country in matters concerning alleged cheating and diversion of funds involving homebuyers.In the latest case, the CBI probe revealed that the accused builder company and its directors induced innocent homebuyers and investors through false assurances, misleading representations and deceptive promises, causing wrongful loss to the victims.“The…
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