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2 clusters · 11 sources · 7 days · First seen 7 days ago · Last updated 1 day ago

CBI investigations into real estate fraud

Overview

The Central Bureau of Investigation (CBI) has expanded its investigations into real estate fraud following directives from the Supreme Court. The agency registered five new criminal cases involving alleged collusion between builders and financial institutions, specifically targeting projects managed by the Ozone Group and M/s Vivansa Balsam in Bengaluru, Mumbai, and Pune.

These cases involve charges of criminal conspiracy, fraud, and criminal breach of trust, centered on allegations that builders and bank officials conspired to defraud homebuyers through financial irregularities and the misappropriation of funds. During raids at 12 locations, the CBI seized incriminating documents and digital devices. This action brings the total number of CBI cases registered against various builders under Supreme Court orders to 55.

Entities

Supreme Court of India · Central Bureau of Investigation · Ozone Group · BITS Pilani · Akash

Timeline

1 day ago

[CRIME] 3 sources
CBI raids 12 locations in India over builder-bank collusion
The CBI has registered five new cases and raided 12 locations in Bengaluru, Mumbai, and Pune regarding alleged collusion between builders and financial institutions to defraud homebuyers.
7 days ago

[CRIME] 8 sources
CBI targets digital arrest cybercrime syndicates in nationwide operation
The CBI's Operation Chakra-VI targeted ‘digital arrest’ cybercrime syndicates across 20 states, arresting three individuals and uncovering major fraud cases totaling over Rs 42 crore.

Sources

bhaskarhindi.com · bhaskarlive.in · coinedition.com · hindi.news18.com · indtoday.com · nationalcybersecurity.com · navabharat.com · newindianexpress.com · saferworld.org.uk · siasat.com · tob.news