NEW DELHI: The Special PMLA Court in Mumbai took cognizance of the prosecution complaint filed by the ED, Mumbai Zonal Office against builder Lalit Tekchandani and 15 others in connection with a money laundering case.
According to the ED, the prosecution complaint was filed on May 15 under the provisions of the PMLA, 2002 for which the court took cognizance on May 29.
ED initiated an investigation based on 2 FIRs registered by Taloja Police Station and Chembur Police Station under various sections of IPC, 1860.
Furthermore, it has been alleged in the FIR that Supreme Construction and Developer Private Limited, a company represented by Tekchandani and others, collected huge funds from prospective home buyers in a housing project in Taloja, Navi Mumbai.
The home buyers were neither given flats nor was the money returned to them.
ED investigation revealed that SCDPL collected huge funds of more than Rs.400 crore from several homebuyers in a housing project in Taloja, Navi Mumbai.