The CBI has filed a chargesheet against CHD Developers for allegedly defrauding homebuyers in a Gurugram project, marking the latest development in the builder-banker nexus cases.
The CBI has filed a fifth chargesheet in builder-banker nexus cases against CHD Developers Ltd and its directors for alleged fraudulent activities in a Gurugram-based project, officials said Thursday.
The CBI, which was handed over these cases by the Supreme Court, submitted in its report to the court that the accused builder company lured "innocent homebuyers and investors through false assurances, misleading representations and deceptive promises, thereby dishonestly obtaining financial gains while causing wrongful loss".
"The charge sheet has been filed before the competent court under relevant provisions of the Indian Penal Code pertaining to criminal conspiracy, cheating and criminal breach of trust," the CBI spokesperson said in a statement.
The CBI is presently investigating 50 cases registered pursuant to the directions of the Supreme Court against various builder companies and unknown officials of financial institutions across the country in matters concerning alleged cheating and diversion of funds involving homebuyers, the statement said.