The Enforcement Directorate (ED) Thursday arrested Gurgaon-based Ocean Seven Buildtech Pvt. Ltd. (OSBPL) Promoter and Managing Director Swaraj Singh Yadav in a money-laundering case linked to allotments made under the government’s flagship Pradhan Mantri Awas Yojana (PMAY) scheme.

It alleged that Yadav fraudulently cancelled PMAY allotments of homebuyers who invested in its Gurgaon property and resold the units at nearly double the price. It also alleged that Yadav diverted Rs 220 crore collected from buyers to purchase personal property.

Shortly after his arrest at midnight, Yadav was produced before Additional Sessions Judge (ASJ) Shefali Barnala Tandon of Patiala House Court who sent him to two weeks in ED custody at 6 am on Friday.

ASJ Tandon said in her order, “Even perusal of grou

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