New Delhi, June 25 -- The Enforcement Directorate (ED) on Thursday conducted searches at multiple locations in Ghaziabad and Delhi as part of its investigation into an alleged housing society fraud involving a real estate developer and cooperative society officials.

The search operation is underway and being conducted by ED's Lucknow zonal office under Section 17 of the Prevention of Money Laundering Act (PMLA) in connection with the probe against Sandeep Singh, promoter of Shrasth Propbuild Pvt Ltd, and office-bearers of Seva Suraksha Sahkari Awas Samiti.

Officials, privy to the development, told ANI that "the accused allegedly induced members of the cooperative housing society to surrender their rights over around 41,544 square metres...