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The Central Bureau of Investigation (CBI) has filed its 18th chargesheet in a large-scale homebuyers fraud case involving MKHS Housing LLP, Indiabulls entities, their directors and officials of financial institutions. The case relates to alleged fraudulent activities connected with a housing project in Rajarhat, in West Bengal’s North 24 Parganas district. The agency has alleged that the accused, in conspiracy with officials of a non-banking financial company, induced homebuyers and investors through false assurances and fraudulent representations and obtained financial benefits through deceptive means. The CBI is also investigating 31 other cases linked to alleged homebuyer cheating and diversion of funds.
The Central Bureau of Investigation (CBI) has filed its 18th chargesheet in a case involving alleged large-scale fraud against homebuyers, naming a builder company, its directors and officials, along with officials of financial institutions.
The chargesheet has been filed against MKHS Housing LLP, its designated partner Indiabulls Distribution Services Limited, now known as Indiabulls Nests Limited, and their directors and officials. Indiabulls Investment Advisors Limited, now known as Indiabulls Urban Residency Limited, along with its directors, has also been named in the chargesheet.
The case concerns alleged fraudulent activities linked to a housing project in the Rajarhat area of West Bengal’s North 24 Parganas district. The chargesheet was filed before the CBI Special Court-II in Alipore, North 24 Parganas.
According to the CBI, the accused builder company and its directors allegedly conspired with officials of a non-banking financial company to induce homebuyers and investors through false assurances and fraudulent representations. The agency alleged that the accused obtained financial benefits through illegal and deceptive means.
The investigation has reportedly uncovered substantial evidence, following which the agency filed the chargesheet under provisions of the Indian Penal Code relating to criminal conspiracy, abetment, cheating and criminal breach of trust.
The latest chargesheet is part of a wider investigation into alleged cheating of homebuyers and diversion of funds. The CBI is currently investigating 31 other cases registered following directions from the Supreme Court against various builder companies and unidentified officials of financial institutions.
The agency had previously filed 17 chargesheets against several builder companies, their directors and officials of banks and financial institutions. The latest filing takes the total number of chargesheets in these cases to 18.
Source PTI
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