NRI housing loan case: ED raids 13 places in Delhi-NCR, Bengaluru, Chandigarh
Published: October 23, 2026, 12:21 PM IST
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NRI housing loan case: ED raids 13 places in Delhi-NCR, Bengaluru, Chandigarh | Image: X
NRI Housing Loan Case: The Enforcement Directorate (ED) carried out several searches at as many as 13 locations across Delhi-NCR, Bengaluru and Chandigarh on FridayThe raids were conducted in connection with a money laundering case which links to fraudulent NRI housing loansThese loans were allegedly taken using forged documents.
The search operation began early in the morning in close coordination with police and other security forces under the Prevention of Money Laundering Act (PMLA), covering the premises of suspects linked to the case.
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The entities covered in the search operation are Antriksh Promoters and Developers Pvt Ltd and Sunshine Infrawell Pvt Ltd, the officials said.
As per the officials privy to the development, the operation is aimed at gathering evidence related to the suspected financial irregularities and tracing the money linked to the alleged offence.
The investigation relates to alleged fraud involving housing loans intended for Non-Resident Indians (NRIs), with forged documents allegedly used to obtain the loans.
The federal agency is investigating the alleged role of the entities involved in the money laundering as well as the amount of the suspected fraud.
In the search operation, the ED can provisionally seize documents and digital evidence, among other evidence believed to be proceeds of crime, subject to the provisions of the law
