Tag: Gurugram real estate fraud

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ED Freezes ₹82 Crore in Properties Linked to Ansal Hub-83 Fraud

NEW DELHI: The Enforcement Directorate (ED) has seized immovable properties valued at Rs 82 crore in relation to an alleged extensive real estate scam linked to the commercial project “Ansal Hub-83” in Sector-83, Gurugram. This project encompasses a land area of 19 Kanal 15 Marla (approximately 2.47 acres) and features 147 commercial shops, 137 office spaces, and two restaurant units, as stated by the ED on Thursday. These properties were attached by the ED’s Gurugram zonal office under the Prevention of Money Laundering Act (PMLA), 2002. The investigation began following an FIR filed by Haryana Police in June 2023 against…

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ED Chargesheets Ocean Seven Buildtech’s Promoter in PMAY Fraud

NEW DELHI: The Enforcement Directorate (ED) has filed a chargesheet against a promoter of a Gurugram-based real estate firm and several others as part of a money laundering probe related to an alleged fraud involving homebuyers under the Pradhan Mantri Awas Yojana (PMAY). This prosecution complaint was submitted to a special Prevention of Money Laundering Act (PMLA) court at Patiala House. The chargesheet involves several sections of the anti-money laundering law, identifying Swaraj Singh Yadav, the promoter of Ocean Seven Buildtech Pvt Ltd (OSBPL), along with associated entities as accused, according to the agency’s statement. This week, the ED attached…

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Gurugram: ED Seizes ₹50 Crore in Assets from Ocean Seven Buildtech

Representative image NEW DELHI: The Enforcement Directorate (ED) has seized a villa, a hotel, a resort, along with several land parcels and deposits exceeding Rs 50 crore as part of a money laundering investigation concerning a fraud involving homebuyers tied to Gurugram’s Ocean Seven Buildtech Pvt Ltd (OSBPL). The ED’s statement indicated that Swaraj Singh Yadav, the company’s promoter, was instrumental in orchestrating this fraudulent scheme by misappropriating funds gathered from homebuyers intended for housing construction. Yadav was arrested in November as part of the ongoing investigation. The assets seized include a villa, hotel, resort, multiple office spaces, and several…