ED Attaches Rs 585 Crore Land in Haryana, UP in Homebuyer Fraud Case
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ED Attaches Rs 585 Crore Land in Haryana, UP in Homebuyer Fraud Case

The Enforcement Directorate (ED) has attached over 340 acres of land valued at Rs 585.46 crore in Haryana and Uttar Pradesh. This action is part of a money laundering investigation against ADEL Landmarks Ltd. and its promoters, who are accused of defrauding thousands of homebuyers. The company allegedly collected Rs 1,075 crore from 4,771 customers for eight housing projects launched between 2006-2012, which remain incomplete. Funds were reportedly diverted instead of being used for project completion.

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