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.
SBI Capital will release ₹625 crore to fund six stalled Amrapali projects, ensuring apartment delivery to homebuyers. HUDCO expressed willingness to fund projects under specific terms.
Amrapali Dream Valley homebuyers seek PMO's help to impound MD Anil Sharma's passport amid project delays and debt fears.