New Delhi, Aug. 27 -- The Enforcement Directorate on Thursday said it has seized and frozen assets worth Rs.33 crore following searches against promoters of a Gurugram-based real estate company as part of a money laundering investigation into a "fraud" with homebuyers.

The raids were undertaken at seven residential and official premises linked to the promoters-directors of Vatika Ltd. in Delhi-NCR, the central agency said in a statement.

Apart from recovering documents, the ED seized and froze three luxury vehicles, jewellery and bank accounts and securities valued at Rs.33 crore during the searches, it said.

The ED registered its case under the Prevention of Money Laundering Act (PMLA), taking cognisance of multiple FIRs registered by...