The Enforcement Directorate (ED) has arrested Swaraj Singh Yadav, the key person and Managing Director of Ocean Seven Buildtech Pvt Ltd (OSBPL), for his role in the laundering and diversion of funds collected from homebuyers across multiple projects, the agency said on Saturday. The financial probe agency arrested Swaraj Singh Yadav on November 13 following search operations at nine locations in Delhi-NCR and other places under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an ongoing investigation involving OSBPL and its associated persons.

During the search operations, the ED recovered Rs 86 lakh in cash, suspected to be linked to the Proceeds of Crime (POC), along with various incriminating documents and digital evidence relevant to the invest

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