Tag: Enforcement Directorate

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ED Attaches ₹782 Crore in Properties of Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached immovable properties valued at ₹782.36 crore belonging to Raheja Developers under the Prevention of Money Laundering Act, 2002. This action pertains to allegations of cheating homebuyers across various projects initiated by the firm. The ED is examining Raheja Developers, its director Navin M. Raheja, and other related individuals under the PMLA. The case stems from multiple FIRs filed by the Economic Offences Wing in Delhi following complaints from homebuyers who claim to have been defrauded. According to the ED, Raheja Developers raised around ₹2,425.99 crore from approximately 4,600 homebuyers in relation…

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ED raids Imperia for homebuyer fraud, seizes ₹50.5 lakh, luxury cars

NEW DELHI: The Gurugram zonal office of the Enforcement Directorate has executed search and survey operations at eight locations tied to Imperia Wishfield, Imperia Structures, their promoter directors, and the current resolution professional in Delhi, as stated by the agency. The searches, carried out on July 29, 2026, were in accordance with the Prevention of Money Laundering Act, 2002, related to an alleged homebuyer fraud case. During these operations, the agency confiscated digital devices, documents, cash totaling ₹50.50 lakh, and three luxury vehicles. The ED has initiated an enforcement case information report against Imperia Structures, Imperia Wishfield, and their promoter…

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Bombay HC Quashes PMLA Case Against D B Realty Chief

MUMBAI: The Bombay High Court has dismissed a 2016 money laundering case against D B Realty Ltd and its managing director, Vinodkumar Goenka. This case was associated with former Maharashtra deputy chief minister Chhagan Bhujbal and the Maharashtra Sadan construction controversy. A single-judge bench led by Justice Ashwin Bhobe, in a July 21 ruling, annulled the 2019 order from a special court that had rejected the discharge petitions of Goenka and D B Realty. They were implicated in a case under the Prevention of Money Laundering Act (PMLA) set in motion against Bhujbal and others in 2016. For Goenka and…

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ED seizes 389 properties worth ₹240 crore in Grand Venezia case

ED provisionally attaches assets worth ₹158.37 crore in Rockland Hospitals PMLA case NEW DELHI: The Enforcement Directorate’s Lucknow Zonal Office has provisionally attached 389 immovable properties valued at ₹240.03 crore under the Prevention of Money Laundering Act, 2002, concerning a money laundering case involving Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, Satinder Singh Bhasin, and others. The agency noted that the current market value of the attached properties exceeds ₹700 crore. The assets seized include five properties in Goa, valued at ₹37 crore, owned by India Oceanworld and Goa Connect Properties. Additionally, 384 commercial units and shops in Grand…

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SC to Hear ED’s Plea on Amrapali Money Laundering Case Transfer

NEW DELHI: On Wednesday, the Supreme Court agreed to consider the Enforcement Directorate’s plea regarding the Allahabad High Court’s ruling that transferred a money laundering case involving the Amrapali group, accused of diverting homebuyers’ funds. The Lucknow bench of the High Court, on August 11, 2025, decided to move the case filed by the ED against Ajay Kumar and two others from a special PMLA court in Lucknow to a designated court in Ghaziabad. The Supreme Court, comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana, acknowledged the arguments presented by Additional Solicitor General S V Raju,…

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Gurugram Realty Fraud: Court Invalidates ED Summons for Accused’s Son

NEW DELHI: A Delhi court has ruled that the Enforcement Directorate (ED) cannot issue a summons to Amit Katyal’s residence in the national capital to serve his son, Krishan Katyal, who resides abroad. The court emphasized that due legal process must be followed for serving someone living overseas. Additional Sessions Judge Sheetal Chaudhary Pradhan heard Amit Katyal’s application requesting that the ED be prevented from considering the summons served at his address as valid for his son. The judge directed the agency to adhere to proper legal procedures for serving a foreign national. The court’s order dated July 8 stated,…

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ED Raids Builders in Delhi-NCR Over ‘Subvention Scheme’ Fraud

NEW DELHI: The Enforcement Directorate (ED) conducted searches at various locations in Delhi-NCR on Wednesday as part of a money laundering investigation linked to alleged fraud involving homebuyers with subvention schemes, officials reported. At least five premises associated with three companies—CHD Developers Ltd., Ninex Developers Ltd., and Manju J Homes (India) Ltd.—were raided under the Prevention of Money Laundering Act (PMLA). The companies were not immediately reachable for comment. The ED’s investigation arises from three FIRs filed by the Central Bureau of Investigation (CBI) in 2025 under the Supreme Court’s direction. The CBI found that builders allegedly misled homebuyers and…

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ED Raids in Ghaziabad Over Housing Society Fraud

ED raids in Ghaziabad, Delhi in alleged housing society fraud case NEW DELHI: The Enforcement Directorate (ED) conducted searches at various locations in Ghaziabad and Delhi on Thursday as part of its investigation into an alleged housing society fraud involving a real estate developer and cooperative society officials. The search operation, led by ED’s Lucknow zonal office, falls under Section 17 of the Prevention of Money Laundering Act (PMLA) in connection with a case against Sandeep Singh, promoter of Shrasth Propbuild Pvt Ltd, and the office-bearers of Seva Suraksha Sahkari Awas Samiti. Officials familiar with the proceedings stated that the…

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ED Raids 17 Locations in Corporate Insolvency Case

MUMBAI: On Tuesday, the Enforcement Directorate (ED) conducted searches in Maharashtra and Delhi as part of an investigation into potential money laundering linked to alleged irregularities in a corporate insolvency resolution process, officials reported. Seventeen locations connected to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors, employees, and a former YES Bank employee were searched in Mumbai, Khandala (Maharashtra), and Delhi. The companies were not immediately available for comment regarding the ED’s actions. The investigation centers on the purported fraudulent issuance of a loan by YES Bank to Mackstar Marketing Pvt Ltd,…

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ED Seizes ₹503 Crore Assets from Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) announced on Monday that it has attached fresh assets valued at approximately Rs 503 crore as part of an ongoing money-laundering investigation into alleged fraud involving homebuyers by Raheja Developers and its promoter Navin M Raheja. The agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA). The attachment includes immovable properties worth an estimated Rs 503.48 crore, belonging to Raheja Developers Ltd. as well as properties owned by Navin M Raheja and his family members, as stated by an official announcement. This probe originated from multiple FIRs filed by…