Builder-bank nexus case: CBI files charge sheet against Ninex Developers Ltd, its director

NEW DELHI: (Jun 8) The Central Bureau of Investigation has filed a charge sheet against real estate firm Ninex Developers Ltd and its director in connection with alleged fraudulent activities related to a housing project in Gurugram, officials said on Monday.

This makes the CBI's 11th report in the builder-banker nexus cases in which thousands of homeowners were cheated through deceptive promises.

In its charge sheet, the CBI said the company's director allegedly persuaded homebuyers and investors through false assurances and misleading representations, thus making financial gains at their cost.