ED attaches ₹136.42 crore in real estate fraud case

The Directorate of Enforcement (ED) issued a press release announcing the provisional attachment of assets worth Rs. 136.42 Crore belonging to M/s Ocean Seven Buildtech Pvt Ltd (OSBPL) and its promoter under the Prevention of Money Laundering Act, 2002. This action is significant as it involves freezing assets linked to allegations of cheating and forgery in real estate projects, bringing the total attached value in the case to approximately Rs. 188 Crore.

Who it concerns: M/s Ocean Seven Buildtech Pvt Ltd (OSBPL), its promoter Swaraj Singh Yadav, his wife Sunita Swaraj, and plot buyers in Rajasthan and Haryana who invested in the company's projects.

What the ED says it did

• ED provisionally attached immovable and movable properties worth Rs. 1,36,41,74,559 (approx. Rs. 136.42 Crore) under PMLA, 2002.
• Attached assets include land parcels in Village Bilonchi (Jaipur) and Kotputli-Behror (Rajasthan), a residential plot in Sector-102, Gurugram, and bank balances of Rs. 69,06,133 held by the company and its promoter.
• The investigation is based on FIRs registered by Delhi, Haryana, and Rajasthan Police alleging cheating, criminal breach of trust, forgery, and criminal conspiracy.
• ED found that OSBPL collected over Rs. 118 Crore from buyers in four Rajasthan projects between December 2006 and March 2015, but the projects were never developed and sites remain vacant.
• Funds collected were diverted for unrelated purposes, including purchasing office premises in Gurugram and advancing other projects.
• Approximately 39 acres of land owned by the accused was alienated to associates or third parties between June and September 2025, after FIRs were registered; these properties were also attached.
• A Prosecution Complaint was filed on 09.01.2026 before the Special Court (PMLA), Patiala House Court, New Delhi.

Also in the document

• In the Amber Garden Project, collections from buyers began in December 2006, years before the project map was applied for by OSBPL to the Jaipur Development Authority (JDA).
• Buyers who paid full consideration and obtained registered conveyance deeds and possession letters were never given possession, and their plots were never demarcated.
• Prior to this attachment, ED had already attached assets worth Rs. 51.57 Crore vide Provisional Attachment Order No. 01/2026 dated 05.01.2026.