Browsing Tag

Money Laundering

18 posts
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…
ED has provisionally attached Rs 700.27 crore worth of properties linked to late gangster Iqbal Mirchi and his family, including three prime Worli properties in Mumbai and assets in Dubai, in connection with drug trafficking and money laundering cases.

ED Attaches Rs 700 Crore Assets of Late Gangster Iqbal Mirchi in Mumbai & Dubai

ED has provisionally attached Rs 700.27 crore worth of properties linked to late gangster Iqbal Mirchi and his family, including three prime Worli properties in Mumbai and assets in Dubai, in connection with drug trafficking and money laundering cases.
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.
A high-end apartment in Mumbai's Signature Island, owned by alleged scamster Anubhav Bhatter, is up for e-auction by Standard Chartered Bank to recover over Rs. 135 crore in defaulted loans. Bhatter's firm, BRH Wealth Kreators, was banned for misusing client funds worth hundreds of crores, with ongoing ED investigations revealing deeper fraud.

Luxury Property Belonging to Scam Accused Anubhav Bhatter Up for Auction

A high-end apartment in Mumbai’s Signature Island, owned by alleged scamster Anubhav Bhatter, is up for e-auction by Standard Chartered Bank to recover over Rs. 135 crore in defaulted loans. Bhatter’s firm, BRH Wealth Kreators, was banned for misusing client funds worth hundreds of crores, with ongoing ED investigations revealing deeper fraud.