NEW DELHI, Oct 23: The Enforcement Directorate (ED) on Friday carried out searches at 13 locations across Delhi-NCR, Bengaluru and Chandigarh as part of a money laundering investigation into an alleged fraud involving housing loans obtained in the names of Non-Resident Indians (NRIs).
Agency officials said the searches targeted two real estate companies based in the National Capital Region (NCR), along with other individuals and entities suspected of being linked to the alleged irregularities.
The investigation centres on housing loans allegedly secured through forged documents. Officials are examining the suspected fraudulent transactions and the possible role of the companies and other parties involved.
The searches were conducted to gather evidence relevant to the money laundering probe, the officials said.
Further details about the alleged fraud, the amount involved and the identities of the entities under investigation were not immediately available.