WNA Globe

World News by Wild Rose

#real estate fraud ร—
#1  |  May 30, 02:45 UTC Crime & Justice The Hindu ๐Ÿ”—

CBI files chargesheet against Shubhkamna Buildtech Private Limited, directors in cheating case

The CBI probe revealed that the accused builder company and its directors induced innocent homebuyers and investors through false assurances, misleading representations and deceptive promises, causing wrongful loss to the victims

#2  |  May 28, 09:02 UTC Crime & Justice The Hindu ๐Ÿ”—

Supreme Court seeks responses of Centre, ED, RBI on plea alleging siphoning of homebuyersโ€™ funds

โ€˜This issue keeps recurring project after project,โ€™ Mr. Bhushan said. โ€˜Funds are collected from homebuyers, diverted elsewhere, and the companies eventually go into bankruptcy