<h1>Real estate promoters diverted Rs 7,794 crore from homebuyers through shell companies across UAE and Singapore</h1> The Enforcement Directorate filed a third chargesheet alleging that real estate group promoters diverted approximately Rs 7,794 crore from over Rs 16,000 crore collected from homebuyers and financial institutions. The funds were allegedly transferred to benami companies and used for personal purposes, including purchasing properties in Dubai. The promoters reportedly laundered money through UAE, Cayman Islands, and Singapore using shell companies. Over 29,800 homebuyers invested in housing projects but received no delivered properties despite scheduled timelines. The ED has charged 105 individuals and entities, attaching assets worth Rs 1,621 crore across 1,291 properties in this ongoing money laundering investigation.