NEW DELHI (India CSR): The Central Bureau of Investigation (CBI) has filed its 20th chargesheet in the ongoing investigation into alleged large-scale cheating of homebuyers. The chargesheet names M/s Ajnara India Limited, its promoters and directors, and 15 public servants associated with four banks and financial institutions. The chargesheet relates to the Ajnara Ambrosia housing project at Plot No. GH-01, Sector-118, Noida, Uttar Pradesh. It has been filed before the Special Judge for CBI cases at Rouse Avenue District Courts, New Delhi.
Ajnara Ambrosia Case
According to the CBI, its investigation found that the accused builder company and its promoters and directors allegedly induced homebuyers and investors through false assurances and fraudulent representations. The agency alleged that financial benefits were obtained through illegal and deceptive means. The chargesheet has been filed under relevant provisions of the Indian Penal Code and the Prevention of Corruption Act, 1988. The allegations covered include criminal conspiracy, cheating and criminal breach of trust. The filing of a chargesheet represents the CBI’s findings following its investigation; the allegations are subject to adjudication by the competent court.
Financial Institutions Named
The chargesheet includes allegations concerning 15 public servants linked to the following banks and housing-finance institutions:
| S. No. | Bank/Financial Institution named in chargesheet |
|---|---|
| 1 | ICICI Bank Limited |
| 2 | HDFC Bank Limited |
| 3 | PNB Housing Finance Limited |
| 4 | Sammaan Capital Limited |
The CBI’s case relates to alleged fraudulent activities connected with the Ajnara Ambrosia housing project and the financing linked to affected homebuyers or investors.
Twenty Chargesheets Filed
The latest filing takes the number of chargesheets filed by the CBI in these homebuyer-related investigations to 20. The agency said it is currently investigating another 34 cases registered under directions of the Hon’ble Supreme Court against various builder companies and unknown officials of financial institutions across India. These matters concern allegations of cheating of homebuyers and diversion of funds. The CBI has stated that the investigations are intended to establish accountability for alleged economic offences, corruption and public fraud affecting homebuyers.
Companies Named Earlier
Before the Ajnara India chargesheet, the CBI had filed 19 chargesheets against the following builder companies and, in certain matters, officials of banks and financial institutions:
| S. No. | Builder company/entity |
|---|---|
| 1 | M/s Rudra Buildwell Constructions Pvt. Ltd. |
| 2 | M/s Dream Procon Pvt. Ltd. |
| 3 | M/s Jaypee Infratech Ltd. |
| 4 | M/s AVJ Developers (India) Pvt. Ltd. |
| 5 | M/s CHD Developers Pvt. Ltd. |
| 6 | M/s Sequel Buildcon Pvt. Ltd. |
| 7 | M/s Logix City Developers Pvt. Ltd. |
| 8 | M/s Manju J Homes India Ltd. |
| 9 | M/s Shubhkamna Buildtech Pvt. Ltd. |
| 10 | M/s Ninex Developers Ltd. |
| 11 | M/s Decent Buildwell Pvt. Ltd. |
| 12 | M/s Rudra Buildwell Projects Pvt. Ltd. |
| 13 | M/s Ithaca Estate Pvt. Ltd. |
| 14 | M/s LGCL Urban Homes (India) LLP |
| 15 | M/s Saha Infratech Pvt. Ltd. |
| 16 | M/s MKHS Housing LLP |
| 17 | M/s Ozone Urbana Infra Developers Pvt. Ltd. |
| 18 | M/s Earthcon Universal Infratech Private Limited |
The CBI said it remains committed to conducting investigations involving alleged economic offences, corruption and public fraud, particularly cases affecting the interests of common citizens and homebuyers.
| Particular | Details |
|---|---|
| Investigating agency | Central Bureau of Investigation |
| Latest chargesheet | 20th chargesheet in the homebuyer fraud investigations |
| Builder company named | M/s Ajnara India Limited |
| Housing project | Ajnara Ambrosia |
| Project location | Plot No. GH-01, Sector-118, Noida, Uttar Pradesh |
| Other accused | Promoters/directors of Ajnara India and 15 public servants |
| Institutions connected with 15 public servants | ICICI Bank, HDFC Bank, PNB Housing Finance and Sammaan Capital |
| Court | Special Judge (CBI), Rouse Avenue District Courts, New Delhi |
| Alleged offences | Criminal conspiracy, cheating and criminal breach of trust |
| Other cases under CBI investigation | 34 |
| Earlier chargesheets | 19 |
| Total chargesheets after latest filing | 20 |
