ED Seizes Properties of Raheja Developers in Money Laundering Probe
The Enforcement Directorate (ED) has taken major action against Raheja Developers and its MD Naveen Raheja under the Prevention of Money Laundering Act (PMLA). On June 27, raids were conducted at 13 properties in Delhi, NCR, and Mohali. Several incriminating documents and digital records were seized during the searches.
New Delhi: The Enforcement Directorate (ED) has launched a significant crackdown on Raheja Developers in connection with an ongoing money laundering investigation. Acting under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the agency conducted extensive searches at 13 different premises on June 27 across Delhi, NCR, and Mohali.
According to an official statement released by the ED's Delhi Zonal Office, the raids targeted Raheja Developers, its Managing Director Naveen Raheja, and several other associates involved in the case. These actions are based on multiple FIRs filed under various sections of the Indian Penal Code (IPC), triggering the PMLA probe.
During the searches, officials recovered a substantial volume of incriminating documents, digital devices, and evidence related to movable and immovable assets. These materials are now under forensic and legal review as the agency prepares for the next course of legal action.
The ED's focus on Raheja Developers reflects growing scrutiny of large-scale real estate firms allegedly involved in financial irregularities. The agency has intensified its actions in the Delhi-NCR region, one of India’s largest and most dynamic real estate markets, to ensure stricter compliance and accountability.
This raid marks a critical development in the ED's broader mission to curb money laundering and financial misconduct in India’s real estate sector.