India, April 11 -- The Enforcement Directorate (ED) has carried out searches at a Delhi based real estate firm - Earth Infrastructures Limited (EIL), which is accused of collecting Rs.2024.45 crore from more than 19,425 homebuyers or investors by promising timely delivery of residential or commercial units along with assured returns but failed to deliver, agency officials said on Saturday.

During the searches, carried out on Friday at ten locations in Delhi and Gurugram linked to promoters and associates entities of EIL, the federal financial crimes probe agency recovered Rs.6.3 crore in cash, jewellery valued at around Rs.7.5 crore, besides silver bullion and luxury watches.

ED's money laundering probe against EIL and its group entitie...