New Delhi, September 3, 2026 (Yes Punjab News)
The Central Bureau of Investigation (CBI) has filed a chargesheet against Earthcon Universal Infratech and its directors in a case involving alleged cheating of homebuyers who invested in the company’s “Casa Royale” project in Greater Noida’s Sector-1.
The chargesheet was filed before the Special CBI Court at Rouse Avenue District Courts in connection with allegations of large-scale cheating of homebuyers and fraudulent activities by the builder company and its directors.
According to the CBI, its investigation found that the accused allegedly induced homebuyers and investors through false assurances and fraudulent representations and obtained financial benefits through illegal and deceptive means.
The agency said it had gathered substantial evidence during the investigation and filed the chargesheet under relevant provisions of the Indian Penal Code dealing with criminal conspiracy, cheating and criminal breach of trust.
The CBI said it is also investigating 30 other cases registered following directions of the Supreme Court against various builder companies and unidentified officials of financial institutions across the country. These cases relate to alleged cheating of homebuyers and diversion of funds.
So far, the agency has filed 18 chargesheets against several real estate companies and their directors, including Rudra Buildwell Constructions, Dream Procon, Jaypee Infratech, AVJ Developers (India), CHD Developers, Sequel Buildcon, Logix City Developers, Manju J Homes India, Shubhkamna Buildtech, Ninex Developers, Decent Buildwell, Rudra Buildwell Projects, Ithaca Estate, LGCL Urban Homes (India), Saha Infratech, MKHS Housing and Ozone Urbana Infra Developers.
The CBI has also filed chargesheets against officials of certain banks and financial institutions in connection with such cases.
The agency reiterated its commitment to pursuing accountability in cases involving economic offences, corruption and public fraud, particularly those affecting the interests of common citizens and homebuyers.
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