The Enforcement Directorate has provisionally attached 10 immovable properties worth Rs 15.41 crore linked to accused in a Rs 734 crore GST fake input tax credit scam, underscoring strict regulatory actions in Ranchi's real estate market. This move highlights ongoing efforts to curb fraud in the sector.
The Enforcement Directorate (ED) is investigating Omkar Developers and Piramal Group for a Rs. 2,000 crore loan amidst money laundering allegations. Omkar promoters were arrested, and Sachin Joshi was implicated in laundering Rs. 87 crore.
The Financial Intelligence Unit is urging states to provide monthly data on all property registrations to enhance oversight of real estate transactions and combat illegal funding.