New Delhi, The Enforcement Directorate on Friday filed a chargesheet towards a promoter of Gurugram-based realty agency and a few others as a part of a cash laundering probe into an alleged fraud with homebuyers underneath the Pradhan Mantri Awas Yojana .
The prosecution criticism was filed earlier than a particular Prevention of Cash Laundering Act courtroom at Patiala Home courts. The chargesheet has been filed underneath numerous sections of the anti-money laundering regulation, and Swaraj Singh Yadav, promoter of Ocean Seven Buildtech Pvt Ltd , and his linked entities have been named as accused, the company stated in a press release.
Earlier this week, the ED had connected a villa, a lodge, and a resort, moreover land parcels and deposits value over ₹50 crore of Swaraj and his related entities.
Calling Yadav a “key” decision-maker of the realty firm, the ED stated he performed a “central position” in orchestrating the “fraudulent” scheme and intentionally diverted funds collected from homebuyers for the development of reasonably priced homes underneath the Pradhan Mantri Awas Yojana in Gurugram.
Yadav was arrested by the central probe company in November as a part of the investigation and is presently lodged in jail underneath judicial custody.
The ED had stated it performed a “detailed monetary investigation which revealed systematic misuse of funds collected from a lot of homebuyers who had invested their financial savings in reasonably priced housing tasks.”
As a substitute of being utilised for the development and supply of the promised models, it stated, the tasks remained incomplete, allotments have been cancelled in an “arbitrary” method, and the homebuyers have been subjected to extended uncertainty and monetary loss.
The funds entrusted for challenge improvement have been “diverted” for functions unrelated to the housing tasks.
The cash laundering investigation towards OSBPL and Yadav stems from FIRs filed by the Delhi and Haryana police on costs that the corporate duped homebuyers of reasonably priced housing tasks via arbitrary cancellations and re-allotments.
The ED informed a courtroom, whereas searching for Yadav’s remand, and in a public assertion, that his spouse Sunita Swaraj “relocated” to the US in August 2025 and was discovered residing at Harvard College in Boston, Massachusetts.
The ED assertion stated that Yadav was “trying” to liquidate his home property and relocate overseas.
It stated funds diverted within the case have been laundered by routing them via a number of entities, together with an organization named KTP Infratech Pvt. Ltd. and have been utilised for acquisition of immovable properties, luxurious expenditure and private investments.
“The diverted funds have been additional layered and utilised for private bills, acquisition of properties and different ventures, reflecting a calculated abuse of belief reposed by homebuyers,” the company alleged prior to now.
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