NEW DELHI: Homebuyers facing prolonged uncertainty over the Ajnara Ambrosia housing project in Noida have received a fresh ray of hope, with the Central Bureau of Investigation filing its 20th chargesheet in the ongoing probe into large-scale alleged cheating and diversion of homebuyers’ funds.
The CBI has chargesheeted M/s Ajnara India Ltd, its promoters/directors and 15 public servants in connection with alleged fraudulent activities linked to the Ajnara Ambrosia project at Sector 118, Noida, before the Special Judge (CBI), Rouse Avenue District Courts, New Delhi.
The investigation alleges that the builder and its promoters/directors induced homebuyers and investors through false assurances and fraudulent representations and obtained financial benefits through illegal and deceptive means.
Bank officials have also come under the CBI scanner, with the chargesheet involving officials connected with ICICI Bank, HDFC Bank, PNB Housing Finance and Sammaan Capital Ltd. The agency has invoked provisions relating to criminal conspiracy, cheating and criminal breach of trust, along with the Prevention of Corruption Act, 1988.
The latest action takes the number of CBI chargesheets in the homebuyers’ cases to 20, while the agency said it is still investigating 34 other cases registered following Supreme Court directions against various builders and officials of financial institutions.
For Ajnara Ambrosia homebuyers, the chargesheet is significant because it moves the alleged financial wrongdoing from investigation towards judicial scrutiny, potentially bringing greater accountability for those accused in the case.
The CBI has maintained that its investigation is aimed at fixing accountability in economic offences, corruption and public fraud affecting ordinary citizens and homebuyers.
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