ED Files Prosecution Complaint Against Raheja Developers In Alleged ₹1,353 Crore Money Laundering Case
Mumbai: The Enforcement Directorate (ED) has filed a prosecution complaint against real estate developer Raheja Developers Ltd (RDL), its promoters Navin M. Raheja, his son Nayan N. Raheja, and 18 others, alleging money laundering of Rs 1,353.26 crore collected from homebuyers and investors in residential and commercial projects in Delhi and Gurugram. The agency has also sought confiscation of…
The Enforcement Directorate (ED) has initiated legal proceedings against Raheja Developers Ltd (RDL) and its promoters, Navin M. Raheja and Nayan N. Raheja, alongside 18 others, in a suspected ₹1,353.26 crore money laundering case. The charges stem from alleged diversion of funds collected from homebuyers and investors for residential and commercial projects in Delhi and Gurugram.
The ED also seeks the confiscation of properties attached during the investigation, with a book value of ₹810.57 crore but an estimated market value of ₹2,399.65 crore. The prosecution complaint was filed on November 6 before the Special PMLA Court in Delhi.
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