Enforcement directorate attaches properties worth ₹782 crore of Raheja Developers
The Enforcement Directorate (ED) provisionally attached properties worth ₹782.36 crore belonging to Raheja Developers under the Prevention of Money Laundering Act, 2002, due to alleged cheating of homebuyers. The ED is investigating Raheja Developers, its director Navin M. Raheja, and others based on multiple FIRs filed by defrauded homebuyers, who collectively paid ₹2,425.99 crore for various real estate projects. With this latest attachment, the total value of properties linked to the case now stands at approximately ₹2,399.65 crore.