New Delhi, March 18 -- A Special PMLA Court in Gurugram has ordered the restitution of immovable properties worth Rs 650 crore to 2,312 genuine homebuyers in connection with a money laundering case against the SRS Group, being investigated by the Enforcement Directorate (ED).
The restored properties include flats and plots across various SRS Group projects, including SRS City, SRS Pearl Floor, SRS Pearl Tower, SRS Residency, SRS Royal Hills, SRS Prime Floor, SRS Pearl Unity, SRS Affordable Housing Project, SRS Pearl Height, and SRS Retreat Farms.
The ED initiated its probe under the Prevention of Money Laundering Act (PMLA) based on 81 First Information Reports registered under various sections of the Indian Penal Code at police stations ...