NEW DELHI: Currently, he is under judicial custody. His interrogation has revealed that the funds received from the homebuyers that were laundered by the builder for personal gains and the creation of assets in various names, including family members.
After identifying the proceeds of the crime, ED has earlier issued a provisional attachment order in respect of movable and immovable properties having an aggregate value of Rs 113.5 crore in the case.
ED also frozen or seized investments in shares, mutual funds or fixed deposits worth Rs.43 crore in the case.
The agency added that further investigation is underway.
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