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ED Attaches Rs 51.57 Crore in Assets Tied to Ocean Seven Buildtech Probe

The agency says a financial probe found diversion of buyer funds via repeated resales with forged paperwork.

Overview

  • The attachment covers a villa, a hotel and resort, office spaces, and multiple land parcels in Gurugram, Himachal Pradesh, and Maharashtra.
  • Investigators also seized Rs 1.78 crore in cash and bank balances, bringing the total attached value to Rs 51.57 crore.
  • The money-laundering case stems from Delhi and Haryana police FIRs alleging arbitrary cancellations and re-allotments in affordable-housing projects.
  • The ED alleges the same units were resold at higher prices, parking and cancelled units were monetised above permissible limits, and documents were forged to justify cancellations.
  • Promoter Swaraj Singh Yadav was arrested in November, and the ED has noted his wife’s relocation to the United States in August 2025 as the investigation continues.