CBI books Ozone, Vivansaa in homebuyer fraud; raids 12 sites
India, Sept. 11 -- The Central Bureau of Investigation (CBI) on Thursday registered five new criminal cases against real-estate developers and unidentified officials of financial institutions, and searched 12 locations in Bengaluru, Mumbai and Pune, in the Supreme Court-monitored probe into alleged cheating of homebuyers.
Four cases have been registered against Ozone Group and related entities over projects in Bengaluru and Mumbai. The fifth case names M/s Vivansaa Baalsam for its Bengaluru project. Unknown bank and housing-finance officials have also been named. The Bengaluru cases against Ozone relate to the group's large integrated township at Kannamangala in Devanahalli taluk, near Kempegowda International Airport. The development, m...
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