Enforcement Directorate raids 13 locations in NRI housing loan fraud case

The Enforcement Directorate (ED) conducted searches at 13 locations across Delhi-NCR, Bengaluru, and Chandigarh on Friday in connection with a money laundering investigation. The case involves alleged fraudulent housing loans obtained by Non-Resident Indians (NRIs) through the use of forged documents.

Joint teams comprising the ED, police, and other security forces carried out the operations under the Prevention of Money Laundering Act (PMLA). The searches targeted entities including Antriksh Promoters and Developers Pvt Ltd and Sunshine Infrawell Pvt Ltd.

Investigators are working to gather evidence of financial irregularities, trace the movement of funds, and identify the roles of various individuals and institutions involved in the suspected fraud. The agency maintains the authority to seize digital evidence and documents as part of the ongoing probe.