Browsing Tag

enforcement directorate

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The Enforcement Directorate has attached ₹634 crore worth assets linked to Unitech’s Noida project, uncovering a massive ₹7,794 crore fund diversion in one of India’s biggest real estate fraud investigations.

ED Attaches 88.47 Acres at Alibaug Worth ₹336 Crore in Jai Corp Fund Money Laundering Case

The Directorate of Enforcement (ED), Mumbai Zonal Office-II, has provisionally attached 88.47…
In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family's Pali Hill home in Mumbai.

Bombay High Court Overturns Interim Stay: Banks Can Proceed with Fraud Tagging Against Anil Ambani

In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family’s Pali Hill home in Mumbai.
ED attaches Anil Ambani’s Pali Hill home worth ₹3,716 crore in RCOM probe; total attached assets exceed ₹15,700 crore.

ED Attaches ₹1,885 Crore Assets of Anil Ambani Group, Total Seizures Cross ₹12,000 Crore in Bank Fraud Cases

The ED has provisionally attached assets worth ₹1,885 crore of Anil Ambani Group entities in multiple bank fraud cases, pushing total group-level attachments beyond ₹12,000 crore as investigations intensify.
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

ED Attaches ₹51.57 Crore Assets in Ocean Seven Buildtech Homebuyers Fraud Case

The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

ED Attaches ₹400 Crore Assets in Jaypee Group Money Laundering Probe Over Homebuyers’ Fraud

The Enforcement Directorate has escalated its probe into the Jaypee Group by attaching immovable properties worth ₹400 crore belonging to associated entities. The action targets alleged diversion of over ₹14,000 crore collected from thousands of homebuyers for incomplete projects in Noida, with promoter Manoj Gaur in custody. Investigation continues into fund siphoning to related companies.