New Delhi, October 23: The Enforcement Directorate (ED) on Friday conducted searches at multiple locations in connection with a money laundering investigation into alleged fraud involving housing loans obtained in the names of Non-Resident Indians (NRIs), officials said.
According to officials, the searches targeted two real estate companies based in the National Capital Region (NCR) and other individuals allegedly linked to the case.
The central agency covered at least 13 locations across Delhi-NCR, Bengaluru and Chandigarh as part of the investigation.
The probe centres on allegations that housing loans were fraudulently obtained using forged documents in the names of NRIs. Investigators are examining the alleged involvement of the two NCR-based companies and other persons in the suspected financial irregularities.
The searches form part of the ED’s ongoing efforts to investigate the alleged money laundering linked to the case. Further details regarding the findings of the searches were not immediately available.
