CBI Files 21st Chargesheet Against Five Former Promoters/Directors in Homebuyers Fraud Case:

The Central Bureau of Investigation (CBI) has filed a chargesheet against five former promoters and directors of Acme Realties Private Limited and its holding company, Acme Housing India Private Limited, in an alleged homebuyer fraud case linked to the “Acme Boulevard” housing project in Jogeshwari East, Mumbai.

According to the CBI, the accused allegedly cheated homebuyers by making false promises and misleading representations and collected money through fraudulent and illegal means. The investigation reportedly found substantial evidence against the accused.

The chargesheet has been filed before the Additional Chief Judicial Magistrate (ACJM), CBI Cases, 3rd Court, Esplanade Court, Mumbai. The accused have been charged under relevant provisions of the Indian Penal Code relating to criminal conspiracy, cheating, criminal breach of trust and dishonest receipt of stolen property.

The CBI said it is also investigating 32 other cases registered following directions from the Supreme Court. These cases relate to alleged cheating of homebuyers and diversion of funds involving various real estate companies and officials of financial institutions across India.

The agency said it had earlier filed 20 chargesheets in similar cases involving several real estate companies, including Rudra Buildwell Constructions, Dream Procon, Jaypee Infratech, AVJ Developers, CHD Developers, Logix City Developers, Ninex Developers and Ajnara India, among others. Chargesheets have also been filed against officials of certain banks and financial institutions.

The CBI said it remains committed to taking action in cases involving economic offences, corruption and financial fraud, particularly those affecting homebuyers and ordinary citizens.