Tag: #RealEstateFraud

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: ED

December 18, 2024

HYDERABAD: The Enforcement Directorate (ED) has accused Sahiti Infratec Ventures India Private Ltd (SIVIPL) and its associated entities of misappropriating funds amounting to ₹842 crore from homebuyers, leading to alleged wrongful gains for SIVIPL and its promoters. In a recent prosecution complaint filed in the PMLA (Prevention of Money Laundering Act) court, the ED stated […]

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: EDmore

ED Attaches Rs 335 Crore Worth of Unitech Group Assets under PMLA.

October 23, 2024

The Enforcement Directorate (ED) has attached fresh assets valued at Rs 335 crore belonging to the Unitech Group and an associated company under the Prevention of Money Laundering Act (PMLA), according to a statement released on Tuesday. The provisional attachment order targets movable properties worth Rs 319 crore and Rs 16 crore, associated with Unitech […]

ED Attaches Rs 335 Crore Worth of Unitech Group Assets under PMLA.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more

Tag: #RealEstateFraud

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: ED

ED Attaches Rs 335 Crore Worth of Unitech Group Assets under PMLA.

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

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