CBI Files 21st Chargesheet in Major Homebuyers Fraud Case
CBI files 21st chargesheet against Acme Realties promoters for alleged cheating and fraud in the Acme Boulevard housing project in Mumbai.
The Central Bureau of Investigation (CBI) has taken a massive step forward in its crackdown on real estate fraud by filing its 21st chargesheet in an ongoing investigation involving the cheating of homebuyers. This latest legal action targets the promoters and directors of a prominent builder company for their alleged roles in a large-scale deceptive scheme.
Targeting Acme Realties and Holding Company
The chargesheet has been filed against five former Promoters and Directors of M/s Acme Realties Private Limited and its holding company, M/s Acme Housing India Private Limited. The legal document was submitted before the Ld. ACJM (CBI Cases), 3rd Court, Esplanade Court, Mumbai.
The investigation centers on the "Acme Boulevard" housing project, situated at Village Majas, Sarvodaya Nagar, Jogeshwari (East), Mumbai. According to the CBI, the accused used fraudulent representations and false assurances to lure homebuyers into the project, ultimately securing financial benefits through illegal and deceptive means.
Evidence of Criminal Conspiracy and Cheating
The CBI's probe has uncovered substantial evidence pointing toward a coordinated effort to defraud citizens. The chargesheet, filed under relevant provisions of the Indian Penal Code, includes serious allegations such as:
- Criminal conspiracy
- Cheating
- Criminal breach of trust
- Dishonest receipt of stolen property
A Nationwide Crackdown on Real Estate Fraud
This is not an isolated incident for the agency. The CBI is currently investigating an additional 32 cases following directions from the Hon’ble Supreme Court. These investigations target various builder companies and unknown officials from financial institutions across India regarding the alleged diversion of funds and cheating of homebuyers.
The agency has previously filed 20 chargesheets against several major entities, including:
- M/s Rudra Buildwell Constructions Pvt. Ltd.
- M/s Dream Procon Pvt. Ltd.
- M/s Jaypee Infratech Ltd.
- M/s AVJ Developers (India) Pvt. Ltd.
- M/s CHD Developers Pvt. Ltd.
- M/s Sequel Buildcon Pvt. Ltd.
- M/s Logix City Developers Pvt. Ltd.
- M/s Manju J Homes India Ltd.
- M/s Shubhkamna Buildtech Pvt. Ltd.
- M/s Ninex Developers Ltd.
- M/s Decent Buildwell Pvt. Ltd.
- M/s Rudra Buildwell Projects Pvt. Ltd.
- M/s Ithaca Estate Pvt. Ltd.
- M/s LGCL Urban Homes (India) LLP
- M/s Saha Infratech Pvt. Ltd.
- M/s MKHS Housing LLP
- M/s Ozone Urbana Infra Developers Pvt. Ltd.
- M/s Earthcon Universal Infratech Pvt. Ltd.
- M/s Ajnara India Ltd.
The CBI has reiterated its unwavering commitment to ensuring accountability in economic offences, corruption, and public fraud, specifically in cases that directly impact the interests and livelihoods of common citizens and homebuyers.