High Court, on Friday, transferred to CBI the pending investigations in the FIRs and Criminal cases registered against various Companies and Directors of Unihomes Collage Group. The agency has been asked to investigate the case within 3 months and file a report before the court.

The order came on the petition filed by “Uni Homes Resident Welfare Association”, which had argued that despite multiple FIRs being registered against the Directors and Companies of the Group more than a year ago, no action were initiated by police. They also mention that owing to the influence and pressure of the realty group, its authorities were ever called for custodial interrogation.

The Uni Homes Collage group, comprising of group of companies, viz. SVS Buildcon Ltd., Khaneja Properties Ltd., etc. had initiated development of a residential-cum-commercial project over an area of more than 50 acres in Kolar Chunabhatti Area. Under this a residential colony, titled as Uni Homes Residential Project and Great India Palace (GIP) Shopping Mall was to be constructed.

The High Court took a strict view in the case after finding that the Investigating Authorities and the State Government were not able to substantiate the progress achieved in the investigation undertaken by them and to the contrary informing it that they were planning to file a closure report in the matter.

The Association comprising of more than 500 home buyers and purchasers of commercial units of the residential cum commercial project being developed by the companies, had approached the High Court, when the investigating authority showed no interest in investigating upon various FIRs lodged against the Companies and the Directors.

Advocate Siddharth Gupta, who appeared on behalf of Uni Homes RWA, argued that despite the anticipatory bail applications of the Directors and Builders of the company having been rejected by all the Courts, the Police Authorities have just never bothered to hand cuff the culprit Directors who had siphoned off entire amount of sale consideration of around Rs. 300 Crores, paid by various purchasers and customers for purchasing their respective homes and commercial spaces.”

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