Noida Homebuyers Fraud Case: CBI Files 16th Chargesheet Against Saha Infratech, HDFC and ICICI Bank Officials

NEW DELHI, July 14, 2026 — In a major breakthrough in the massive homebuyers scam investigation, the Central Bureau of Investigation (CBI) has filed its 16th chargesheet targeting M/s Saha Infratech Pvt. Ltd., its director, and officials from top financial institutions including HDFC Bank Ltd. and ICICI Bank Ltd. The formal chargesheet, presented before the Special Judge for CBI Cases at the Rouse Avenue District Court (RADC) in New Delhi, centers on alleged fraudulent activities tied to a housing development project located in Noida.

According to the agency’s investigation, the accused real estate firm and its directors actively conspired with private individuals and bank officials to lure homebuyers and investors through deceptive representations and false promises, generating illicit financial benefits through underhanded tactics.

The comprehensive probe unearthed extensive evidence, prompting the agency to file charges under relevant sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. The accused face formal counts of criminal conspiracy, cheating, abuse of official position, and criminal breach of trust. This development comes as part of a wider crackdown, with the CBI currently probing 33 additional cases under the directions of the Supreme Court of India against multiple developers and financial entities accused of fund diversion and defrauding homebuyers nationwide. Prior to this 16th filing, the CBI had already submitted 15 chargesheets against numerous builders—including prominent firms like Jaypee Infratech, Rudra Buildwell, and Dream Procon—alongside cooperating bank officials, reiterating its strict commitment to protecting common citizens from public fraud and corporate corruption.