Real Estate Mumbai
Maharashtra Accelerates Property Seizure for Investor Fraudsters
The Maharashtra government has expedited the process of seizing properties from firms involved in investor fraud. New deadlines have been set to streamline the process and ensure quicker justice for victims.
Real Estate Maharashtra
ED Cracks Down on Multi-Crore Ponzi Scheme in Maharashtra and Gujarat
The Enforcement Directorate (ED) has launched a major crackdown on a multi-crore Ponzi scheme, conducting searches in various locations across Maharashtra and Gujarat. The operation is part of an investigation into illegal forex trading and multi-level marketing schemes run by the VIPS Group of Companies.
Real Estate Mumbai
ED Raids Maharashtra and Gujarat in Fraudulent Investment Scheme Linked to Dubai-Based Mastermind
The Enforcement Directorate (ED) conducted search operations across Kolhapur, Surat, and Ahmednagar on June 20, seizing incriminating documents and digital devices. The operation is part of an ongoing probe into Ponzi schemes and illegal forex trading platforms linked to the VIPS Group of Companies.
Real Estate Mumbai
ED Seizes Rs 1460 Crore Land in Sahara Ponzi Scheme Case
The Enforcement Directorate (ED) has attached land worth Rs 1460 crore in the ongoing investigation into the ponzi scheme case against Sahara India, involving multiple Sahara group entities including Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL).
Real Estate Mumbai
ED Seizes Rs 115 Crore Assets in NSEL Fraud Case across Mumbai, Delhi, and Rajasthan
The Enforcement Directorate (ED) has seized assets worth Rs 115 crore in connection with the NSEL fraud case, bringing the total value of attached properties to Rs 3,433.06 crore. The latest seizure includes properties in Mumbai, Delhi, and Rajasthan.
real estate news
Real Estate Legal Firm Loberg Ector LLP Wins Landmark Judgment in Brokerage Ponzi Scheme
Loberg Ector LLP, a prominent real estate legal firm, has secured a significant judgment against a notorious real estate brokerage involved in a Ponzi scheme. The firm's relentless pursuit of justice has brought much-needed relief to numerous investors an
real estate news
Loberg Ector LLP Secures Judgment in Major Real Estate Brokerage Ponzi Scheme
Law firm Loberg Ector LLP has successfully obtained a significant judgment against a real estate brokerage involved in a Ponzi scheme. The Real Estate Council of Alberta, a statutory defendant, played a crucial role in the legal proceedings.
Real Estate
The Impact of IT Salaries on Indian Real Estate: A Debate Unfolds
A recent discussion on Reddit highlights the role of IT salaries in driving the Indian real estate market, sparking a debate over whether this trend is a sustainable wealth transfer or a Ponzi scheme.
Real Estate
Two Arrested inRs 850 Crore Falcon Ponzi Scheme in Telangana
The Cyberabad police have arrested two individuals in connection with a massive Rs 850 crore Ponzi scheme operated under the guise of real estate investments. The police have urged the public to exercise caution before investing in schemes promising unrea
Real Estate
Cyberabad Police Nab Two Suspects in Rs 850 Crore Ponzi Scheme
Cyberabad Police have arrested two individuals in connection with a massive Rs 850 crore ponzi scheme involving fraudulent real estate investments. Authorities are actively investigating to recover misappropriated funds and identify additional suspects.
Real Estate Mumbai
Cloud Particle Fraud: ED Raids Multiple Locations, Seizes Luxury Assets
The Enforcement Directorate (ED) has conducted raids across multiple locations in Mumbai, seizing luxury cars, cash, and digital assets. Yashwant Rane, a prominent real estate developer and Director at Vuenow Group, is under intense scrutiny.
Real Estate Mumbai
Economic Offences Wing Cracks Down on Ponzi Scheme, Seizes 28 Crore
Mumbai: The Economic Offences Wing (EOW) has arrested two individuals involved in a Ponzi scheme that defrauded over 100 investors, swindling them out of 28 crore rupees. The funds were purportedly invested in real estate.
real estate news
ED Cracks Down on Shine City Real Estate Firm, Attaches Properties Worth Rs 31 Crore
The Enforcement Directorate (ED) has provisionally attached properties worth Rs 31.74 crore of Shine City Properties Ltd under the Prevention of Money Laundering Act (PMLA), 2002.