ED launches money laundering probe over builder-banker nexus, files 22 cases
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Summary
The Enforcement Directorate has registered 22 separate money laundering cases against builders in NCR and bank officials for a potential scam involving subvention schemes. Builders received massive lo...
Key Details
Published
22 August 2025 at 07:00 pm
Source
Hindustan Times
Channel
bank loan
Victim Profile
homebuyer
State
Delhi
City
New Delhi
Amount Loss Range
> ₹10000000
Fraud Keywords
builder-banker nexussubvention scheme fraudreal estate fraudbank loan diversionproject defaulttripartite agreement misuseemi liability transferincomplete projectspredatory lendinghousing finance fraud
Tags
Digital Footprint
Supertech LimitedLogix City Developers Pvt. LtdJaypee Infratech LtdJaypee Sports International LimitedAVJ Developers (India) Pvt LtdEarthcon Universal Infratech Pvt. LtdRudra Buildwell Projects Pvt. LtdGeotech Promoters Pvt. LtdShubhkamna Buildtech Pvt. LtdBulland Buildtech Pvt. LtdDecent Buildwell Pvt. LtdRudra Buildwell Construction Pvt. LtdSaha Infratech Pvt. LtdDream Procon Pvt. LtdSequel Buildcon Pvt. LtdAjnara India LtdVatika LimitedCHD Developers LimitedNinex Developers LimitedIdea Builders Private LimitedManju J Homes India LimitedState Bank of IndiaIndiabulls Housing Finance LtdPiramal FinanceHDFC BankICICI BankTata Capital Housing FinancePNB Housing Finance LtdFIR dated July 28, 2024