CBI files 10th chargesheet in massive homebuyers fraud case against builder firm
Babushahi Bureau
New Delhi, May 29,2026: In a major development in the ongoing nationwide probe into alleged homebuyers’ fraud cases, the Central Bureau of Investigation (CBI) has filed its 10th chargesheet against M/s Shubhkamna Buildtech Pvt. Ltd. and its directors in connection with a housing project in Greater Noida.
According to the agency, the accused builder company and its directors were allegedly involved in a criminal conspiracy to cheat homebuyers and investors by luring them with false assurances, misleading representations, and deceptive promises. The alleged actions resulted in wrongful financial gains for the accused while causing significant losses to innocent buyers.
The CBI stated that after collecting substantial evidence during the investigation, it has filed the chargesheet before the competent court under provisions of the Indian Penal Code, including criminal conspiracy, cheating, and criminal breach of trust.
This action forms part of a broader Supreme Court-monitored investigation into large-scale real estate fraud cases across the country. The agency is currently probing around 50 cases involving multiple builder companies and unknown officials of financial institutions allegedly linked to fund diversion and cheating of homebuyers.
Earlier, the CBI had already filed nine chargesheets against several real estate developers, 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., and M/s Manju J Homes India Ltd., along with officials of certain banks and financial institutions.
The agency reiterated its commitment to ensuring accountability in economic offences and protecting the interests of homebuyers affected by large-scale financial frauds.