The Enforcement Directorate has provisionally attached immovable properties worth ₹110.05 crore in Lucknow, linked to Rohtas Project Limited's money laundering case. Stemming from 83 FIRs, promoters allegedly diverted buyer funds to buy land via associates, defrauding hundreds of investors in failed township projects on Sultanpur and Raebareli Roads. Market value exceeds ₹300 crore.
The Enforcement Directorate has provisionally attached immovable properties worth Rs 207 crore from Madurai-based Neomax Properties Pvt Ltd and group firms across Tamil Nadu. This follows investor complaints of fraud, where high returns of 12-30% on plot projects were promised but not delivered, with funds diverted to shell entities amid manipulated accounts.
Securities Appellate Tribunal to hear Sahara's plea against SEBI's asset attachment