ED Attaches Over ₹50 Crore Assets in Gurugram Realty Firm's Homebuyer Fraud Probe
1 day agoCrime
48LENS
3 SourcesGurgaon, India
TBNthebalanced.news
ED Attaches Over ₹50 Crore Assets in Gurugram Realty Firm's Homebuyer Fraud Probe

The Enforcement Directorate (ED) has attached assets worth over ₹50 crore belonging to Gurugram-based realty firm Ocean Seven Buildtech Pvt Ltd (OSBPL) and its promoter, Swaraj Singh Yadav. The attached properties include a villa, hotel, resort, office spaces, and land parcels, along with seized cash and bank deposits. The ED alleges that funds collected from homebuyers for affordable housing projects were systematically misused and diverted, leading to incomplete projects and financial losses for buyers. Yadav was arrested in November as part of the money laundering probe.

Political Bias
14%16%70%
Sentiment
28%