Lucknow, Jun 25 (PTI) The Enforcement Directorate on Thursday conducted searches at multiple premises in Uttar Pradesh and Delhi as part of a money laundering investigation into an alleged land and real estate fraud in Ghaziabad, officials said.
They said the Lucknow zonal office of the central agency searched premises in Ghaziabad and the national capital under the provisions of the Prevention of Money Laundering Act (PMLA).
According to the officials, the investigation is against Sandeep Singh, promoter of Shrasth Propbuild, office bearers of Seva Suraksha Sahkari Awas Samiti and some others.
The accused allegedly induced members of the society to surrender their rights to over 41,544 square metres of land in Ghaziabad’s Akbarpur Behrampur after promising to provide them flats under a redevelopment project, the officials said.
They said the accused allegedly cheated society members by “misusing” development rights, selling society land and flats to third parties. PTI NES DIV DIV
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