ED attaches assets worth Rs 782.36 crore of Raheja Developers
New Delhi, July 31 -- The Enforcement Directorate (ED) on Friday said it has attached Rs 782.36 crore worth of properties belonging to Raheja Developers Ltd, accused of collecting funds amounting to Rs 2,425.99 crore from around 4,600 homebuyers on the pretext of providing them residential units.
The federal agency is conducting an investigation against Raheja Developers Ltd, its Director Navin M Raheja, and other associated persons.
The case, ED said, relates to multiple FIRs registered by the Economic Offences Wing (EOW) on the basis of complaints filed by numerous homebuyers who were allegedly defrauded.
ED's Delhi zonal office attached the properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
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