Noida, May 8 -- In a significant development in the ongoing investigation into large-scale cheating of homebuyers, the Central Bureau of Investigation (CBI) has filed a charge sheet against Shubhkamna Buildtech Pvt. Ltd. and its directors in connection with the alleged fraudulent activities relating to a housing project situated at Noida.

Investigation conducted by CBI has revealed that the accused builder company and its Directors, in furtherance of a criminal conspiracy, allegedly induced innocent homebuyers/investors through false assurances, misleading representations and deceptive promises, thereby dishonestly obtaining financial gains while causing wrongful loss to the victims.

Central Bureau of Investigation in a post on X said, ...