<h1>Two real estate company directors arrested in Rs 1,100 crore homebuyer fraud investigation under Prevention of Money Laundering Act</h1> The Enforcement Directorate arrested two directors of a real estate company as part of a money laundering investigation involving an alleged fraud of approximately Rs 1,100 crore affecting homebuyers. The arrests occurred following early morning raids conducted by the agency's regional office in multiple locations within the national capital region. The detained individuals are directors and majority shareholders of a real estate development company. The investigation centers on allegations that the company collected funds from over 2,000 homebuyers for various housing projects including residential complexes and plotted developments. Despite collecting substantial amounts, the company allegedly failed to deliver possession of flats or plots to buyers even after 15-20 years. The arrests were made under the Prevention of Money Laundering Act as part of the ongoing probe into the financial irregularities.