New Delhi: The Enforcement Directorate on Saturday conducted fresh searches against real estate company Raheja Developers as part of a money laundering investigation linked to alleged fraud with home buyers.
They said about seven premises in Delhi-NCR are being covered as part of the action.
The searches are being conducted in the matter of alleged fraud with the home buyers and non-delivery of flats in the project Raheja Revanta, as per the officials.
The FIRs allege that “substantial” sums were fraudulently collected from investors and homebuyers by Raheja Developers Ltd on the promise of delivering residential flats in various group housing projects but failed to hand over the promised flats, according to the ED.
The company could not be contacted for a response on the ED charges made against it.
During the searches, several incriminating documents, digital devices, and details of movable and immovable properties were seized, it said.
